🚨 With the most recent uptrend, whales took a small bite, but they didn't fully switch to a sell mode.
This suggests that they believe the recent uptrend will be sustained.
We know that the $65k–$70k range represents the cost of 20% of the supply. So what does this tell us? It means that the majority of the current total supply is still sitting near investors’ cost basis—so a significant “take profit” sell-off in the short term doesn't seem logical right now.
This indicates that the uptrend in Bitcoin could continue.
#BinanceSquare #Web3 #Crypto
This suggests that they believe the recent uptrend will be sustained.
We know that the $65k–$70k range represents the cost of 20% of the supply. So what does this tell us? It means that the majority of the current total supply is still sitting near investors’ cost basis—so a significant “take profit” sell-off in the short term doesn't seem logical right now.
This indicates that the uptrend in Bitcoin could continue.
#BinanceSquare #Web3 #Crypto
