The latest moves of new and old whales are good for the market. Keep playing the music and keep dancing!
The latest data shows that new whales are buying Bitcoin crazily, while those old whales are still holding on.
According to the NUPL indicator, when it is above 0.6 (blue signal), the market is usually in the profit-taking stage; when it is below -0.3 (yellow signal), it often indicates that there may be panic selling.
The current NUPL indicator is far away from the profit-taking zone, which means that the market pressure has decreased, and the continued buying of new whales may pave the way for the next rise.
It seems that market sentiment has begun to be optimistic, and the actions of new whales seem to be worth paying attention to.
