Evening watch｜$CKB is back on the pre-surge list after a week.
Whale holdings are holding steady at $5.4M. Up 38% over 30 days and 24% over 7 days, while the 24h dip of 5.4% may look like a pullback—but the -0.12% funding rate points to crowded shorts. When the price pulls back after a big run but holdings remain unchanged, whales may well still be accumulating, and the price could reverse upward at any moment.
That said, don’t chase assets like $W and $S that are already midway through a 24h rally of 50% and 20%, respectively. The opportunity in this wave is to buy the dip, not chase the highs.
#BTC #Crypto
Whale holdings are holding steady at $5.4M. Up 38% over 30 days and 24% over 7 days, while the 24h dip of 5.4% may look like a pullback—but the -0.12% funding rate points to crowded shorts. When the price pulls back after a big run but holdings remain unchanged, whales may well still be accumulating, and the price could reverse upward at any moment.
That said, don’t chase assets like $W and $S that are already midway through a 24h rally of 50% and 20%, respectively. The opportunity in this wave is to buy the dip, not chase the highs.
#BTC #Crypto