Whales are playing along with the market's increase, let's review the market charts over the years:
We can see clearly: the total transaction value is very high, creating a new history, however the total volume is decreasing.
What does that mean 🧐🧐🧐
1. Total value increases in the following cases:
- New coins entering the market.
- Coins experiencing price volatility increase.
- BTC price increase.
- Whales buy appropriate volume to pump the price.
2. When does the trading volume decrease?
- Confidence in the current market is not present.
- Waiting for the opportunity when the trend is not clearly defined. Those who buy high are holding and waiting, while those who buy low are hoping for a higher price.
- The margin trading volume is being burned.
3. Combining the two factors we can see
- Currently, the whales are trying to buy small drip orders of BTC to increase the price, and buying altcoins corresponding to the small volume.
- The market will have a price drop of no more than 20% for coins before really pumping after whales get a good price.
4. Conclusion
If you are someone who does not have enough time, do not have enough market insight, I can say if you can accept or buy potential coins and wait right at this moment.
