On the evening of August 23, a large amount of#BTCwas deposited into the exchange. This amount of BTC was acquired by a whale (ranging from a wallet containing 1000 to 10,000 BTC) 3-6 months ago. Because it was purchased 3 - 6 months ago, this amount of BTC has an average price of about 20K - 25K.
So this amount of BTC will definitely be sold in 1 of 3 cases.
+ 1 is to pull up to a higher profitable area of 27K (with a CME gap).
+ 2 is to sell when it hits the average value of 25K.
+ 3 is to hold the dca order and not cut loss when the price reaches 20K.
Every case is worth paying attention to, but I'm inclined towards case 3
You think sharks don't swing to the top, but in reality, sharks are just average priced and profitable to sell.
What do you think about BTC?