Why did Pepe and WIF stop rising? Wall Street Frenzy: This institution gambled 7 billion!
I have analyzed Dogecoins such as Pepe, Floki and WIF many times. They fell badly in the bear market, but rose sharply in the bull market. Especially for election-related currencies like People, every time Trump makes a big move, there will be a strong short-term pull-up.
I suggest that you pay more attention to Trump's dynamics. For example, two weeks before the presidential debate, People usually soars. You can stop all profits on the day of the good news, or even short at the high point, which are all opportunities to make money easily.
We can't just look at the net inflow and outflow data of the exchange, but we need to deeply analyze the movements of long-term coin holders. Another signal worth paying attention to is that Tether has once again issued a large amount of USDT of 1 billion after a lapse of 3 months. This is a strong signal of institutional entry. Xiao Miao notified everyone in the community at the first time, and sure enough, Bitcoin subsequently rose to 61,500.
In addition to the macro data, let's take a look at the specific on-chain dynamics. Wall Street giant Cumberland almost "all-in" today. After receiving hundreds of millions of USDT from Tether in the early morning, they immediately transferred to Binance, OK and Kraken, obviously preparing to buy a lot, which just verifies the famous saying in the currency circle: "Others are fearful, I am greedy.
