🤔 What are traders doing now?
#Bitcoin is flat, in the $40800-43400 range, this kind of movement is exhausting 🥴 traders. What are wallets doing in the meantime? 🤔
🔎 We analysed many profitable 👛 wallets and made the following conclusions:
1. Most are selling 📉 or waiting
2. Sales increased after the adoption of #ETF
3. The rebound 📈 occurred with declining volumes 👎 and they continue to decline
According to 🗃️ Coinglass Longs continue to dominate the market and funding rates are near neutral.
In this situation, three possible scenarios of $BTC movement are seen:
#flat 😐
#dump ⤵️
#saw 🥵