BLESS is up 180% in just 2 days, and the on-chain structure looks very similar to $BANK
• Same Gate deposit addresses seen in BANK & AKE • Top 5 wallets hold 79.5% of the supply • Exchanges are moving BLESS into cold storage • $705M volume vs only $25.9M Open Interest
This is the same pattern BANK showed before its squeeze.
The key thing I'm watching now is when coins start moving back from cold storage to exchanges.
$BTC 👀 A major liquidity cluster is sitting around $62K. If that level holds, the next key zone to watch is $66K+. Breaking into that area could trigger a strong squeeze higher.
I'm not expecting much movement over the weekend unless we get a major headline.
Now at its most oversold level ever. • Down 72% from its ATH. • Recently touched a 2-year low near $1. • Monthly RSI is even more oversold than during the 2020 COVID crash.
Is the bottom finally in? Or is there one more shakeout before the next rally? 🤔