When Coins Leave Exchanges = Bullish
When Coins Enter Exchanges = Bearish
Trick:
Watch $BTC and $ETH leaving exchanges on chain.
If $ BTC exchange reserves drop 50K BTC in 1 week = hodlers accumulating = up coming
If $ ETH exchange reserves increase 200K ETH in 1 week = preparation to dump = down coming
Real example:
Before 2021 bull run: $ BTC left exchanges by millions.
Before summer 2022 crash: $ BTC flooded exchanges.
Leads price by 2-4 weeks.
#Macro #whales
When Coins Enter Exchanges = Bearish
Trick:
Watch $BTC and $ETH leaving exchanges on chain.
If $ BTC exchange reserves drop 50K BTC in 1 week = hodlers accumulating = up coming
If $ ETH exchange reserves increase 200K ETH in 1 week = preparation to dump = down coming
Real example:
Before 2021 bull run: $ BTC left exchanges by millions.
Before summer 2022 crash: $ BTC flooded exchanges.
Leads price by 2-4 weeks.
#Macro #whales