In just over 30 days, nearly 405K $BTC has been transferred to permanent holders 🐳🐳🐳

Whales continue to accumulate while weak hands are retreating 🦾

Micro Strategy's quest to conquer $BTC - one of the world's leading funds - will not stop.
At least within the next 1.5 years from Data's perspective.
It is known that they bought more than 4 years ago in 2020. In short, the market still has a lot of negativity and bad news, but looking into the future, I will definitely have more motivation.

Is anyone holding Long?
Let's do some research
$BTC $ETH

Since encountering a strong sell wall at $70,000, $BTC has not seen any significant buying force. Since the peak until now, the activity of whales has become less and less, while the long ratio has increased, showing that many retail investors are trying to catch the bottom every time the price drops.

Combined with information from firechart, we still cannot expect the market to become positive right now. As for ETFs, the situation is also gloomy, there is no buying force or selling force, it seems that funds are also choosing to stand aside at this time.

#Bitcoin❗ is approaching the 63k5 support level with $30 million buying pressure. Grayscale is still selling, but the pressure has eased. Meanwhile, whales are accumulating#Ethstrongly with $440 million in just the past two days.

These moves show that $BTC is being supported in the short term at the current price, and the bullish sentiment is still holding as $ETH is being accumulated strongly by large investors.

Tuong sold at 70k of $BTC After being absorbed, it now regenerates as if nothing happened :)))

The daily candle as well as the weekly candle $BTC are closing extremely beautifully, but smaller time frames like H4 H1 are not really beautiful as the upward price momentum is showing signs of decreasing.

In the H4 time frame, Total as well as BTC.D are bearishly diverging, whereas USDT.D is bullishly diverging. This short term is looking pretty bad for both $BTC and Altcoins.

Overall, the beginning of the week is good, I will Short short term and continue to watch Long term until the liquidation milestones of 70k, 71k, 73k .... 80k.

As can be seen on the AE chart, the Long ratio began to increase along with the Fear and Greed index being at the greed mark, showing that people's positivity towards the market has returned. But fomo Long $BTC means liquidation of Long with large leverage starting to appear at the price of 61k7-61k8, these two milestones have not been removed at the present time. Notably, after a period of quite strong activity, the Whales are also gradually reducing their activities.

Overall, the market has started to heat up again, but the current time is not necessarily a good time to be Long. Personally, I will Short for a short term and then increase Long in the price areas with high liquidation below.

Over the past three days, ETFs have bought $1 billion worth of #Bitcoin. Price ranges from 67k to 80k, including 67k, 70k, 71k, 73k, 75k, 76k and 80k, all have sale walls with a total value of about 230 million dollars. In particular, the 76k price level is the final liquidation point for short positions in the medium-term time frame.

Currently, the amount of #Bitcoin❗ moving into the exchange is very low, only about 30,000 $BTC per month. Therefore, if Mt. Gox returns to creditors in small installments, the market can absorb all of this Bitcoin without causing major fluctuations.

In the H4 time frame, BTC.D is in an uptrend, USDT.D is falling quite strongly, but TOTAL is likely to have a short-term correction, which is quite bad for ALtcoin. On the other hand, $BTC is in the fibo zone but the candle still closes above the nice daily support levels.

Overall, today I will watch Long $BTC and short Altcoin.

Continuous buying force from the whale side, buying regularly every day and appearing around the bottom more than a week ago until now!

In addition, spot etf also recorded continuous buying pressure until today. When talking about ETFs, we cannot ignore #Grayscale, with this fund the selling movements have decreased significantly, from the selling volumes up to 5-7 tens of thousands $BTC months as in March-April-May. anymore, has decreased significantly through their assessment that this month only sold 10k $BTC only.

But currently, $BTC BTC is in the fibo recovery zone in the downtrend of the 63k5-65k7 daily frame. This price range is quite important, I will prioritize short-term Short $BTC and Altcoin and then find the price range to Long again here. Liquidating Big Long is at 63k6 and 61k7.

The decrease in the Long ratio shows the general negativity of everyone, and we can verify it again through the fear & greed index when the index just yesterday and last week was still at the fear level.

-> Because of this negativity and fear, the crowd is still waiting and opening more short positions, but... amid the market's doubts, Whale has continuously had impacts. The price is very strong, causing #BTC☀ to grow in surprise.

In summary, with the above trend of the crowd and whales on the floor, we can still expect the price to reach higher levels from 63k5-65k7 as mentioned yesterday.

Is Long Thu's AE okay 🚀

The Long ratio gradually decreased to nearly 60%, while whales began to become more active again at the price range of 58k. This shows that there is pressure to pump into $BTC , but we need to be careful because Top traders (good traders) are gradually closing their positions, possibly taking profits.

In chart $BTC daily frame, we have the price range from 63k5-65k7 which is the fibo retracement zone. This is also the area where I expect prices to increase in the near future.

Short term today, let's go long on both $BTC and altcoin.

So in just 1 month, $3 billion worth of $BTC from the German Government was transferred (mostly to the exchange).

Currently, the amount of $BTC they are holding is only about 300m$.

Currently, Altcoin is stronger than $BTC

In the H4 time frame, Total is still in a downtrend but is gradually becoming positive, USDT.D is hesitant to clearly determine the upcoming trend but there is a high possibility that it will continue to increase today. Notably, BTC.D is continuously decreasing, this shows that the money flow is flowing through Altcoin instead of pouring into $BTC .

Today I will prioritize Short $BTC and watch Long Altcoin.

H4 time frame, #BTC .D is in the recovery zone,#Totalbroke the bullish divergence yesterday and continues with the downtrend, on the contrary, #USDT.D also broke the bearish divergence and continues to increase with no specific signs of slowing down. This is not a very positive sign for $BTC as well as altcoins.

Overall, today we still prioritize Short more than Long, AE.

Currently 59k4-61k1 is the area we can short. This is the recovery area in the H4 bearish wave.

Officially uptrend 🌛

Forget the x2 bet
Prepare to go public for AE to split the bet by 2 shares
Like to bet 😶‍🌫️

If the market is this bad, we'll just look to Funding rate 🤫
#BTC