๐ณ With this week being headlined by the US announcing the results of a particularly polarizing election (to say the least), crypto traders are 'expecting the unexpected'. This is particularly true with Bitcoin's whales, which have been showing declining amounts of transfers since last week's sudden spike near the top.
๐ Look for these spikes in whale BTC transactions as generally reliable signs of potential price reversals for all of cryptocurrency.
โณPassivity from whales does not necessitate that prices will go down, as this is a common misconception. Instead, it usually indicates they are awaiting the crowd's reaction to an event and awaiting the volatility that smaller traders create before they join the party.