Now that’s more interesting than the chart itself $CFG
The wallet was almost entirely building its growth around $0.134–$0.14.
And now it reversed and started selling the main position at $0.105–$0.108.
There were 8.012M CFG.
There are only 1.6M left.
So about 80% of the position has already been exited into USDC below the average entry price.
And the sales are going through the same routes via Velora and 1inch that the wallet used to buy.
These last 1.6M for me are now the main indicator.
If they start unloading those too, then it will look less like a partial profit-taking and more like a full exit.
The wallet was almost entirely building its growth around $0.134–$0.14.
And now it reversed and started selling the main position at $0.105–$0.108.
There were 8.012M CFG.
There are only 1.6M left.
So about 80% of the position has already been exited into USDC below the average entry price.
And the sales are going through the same routes via Velora and 1inch that the wallet used to buy.
These last 1.6M for me are now the main indicator.
If they start unloading those too, then it will look less like a partial profit-taking and more like a full exit.
