The VIDT and MKR cryptocurrencies have entered a phase of significant accumulation. According to data from ONTrader, while retail traders are selling, large portfolios are taking advantage to buy.
A possible increase of more than 20% is projected, barring unforeseen events.
We have positioned ourselves on the upside and are awaiting with expectation that possible explosion in prices.
The VIDT cryptocurrency shows signs of a possible rise of over 20%.
For more than ten days, it has been in a phase of constant accumulation. The positive Delta indicates that, while retail investors are selling, large portfolios are actively buying.
This month, the cryptocurrencies RON, TRU, MASK, CYBER, and AKT are among the riskiest. Reasons:
- Investors holding large amounts of these cryptocurrencies are selling their positions, which could reflect a profit-taking or loss of confidence in the potential of these coins in the short term.
- They have a high participation of retail traders, which generally makes them more volatile.
The "whales" might be taking advantage of this volatility to liquidate their positions, increasing selling pressure in the market.
The Whale vs Retail Delta measures the difference between the positions or activity of whales (investors with large volumes) versus retailers (small traders).
When whales have a positive Delta, it indicates accumulation and confidence in the asset, which can drive up its price.
On the contrary, a negative Delta shows a liquidation by whales, which usually leads to falls.
The rise or fall of cryptocurrencies reflected in the "Whale vs Retail Delta" chart is mainly influenced by the difference in the activity of "whales" (large investors or institutions) and retail traders.
It is essential to analyze not only how market makers are positioned, but also the depth levels further away from the current price, as BITCOIN could tend to move towards these levels.
Let's break down BITCOIN's order books by different depth levels:
At the quote level, a downward trend is observed, indicating greater selling pressure, an area where market makers usually operate.
Between the quote level and 1%, and between 1% and 2% of depth, there is no clear pattern; orders are balanced.
In the range between 2% and 5% of the order book, an increase in demand is seen, with more buy than sell positions over time.