Spotted another “whales quietly building positions” signal—the gain over $GTC 30 days is +184%, but it’s been nearly flat over the past 7 days (+0.8%), and positions are still at $5.5M with no sign of an exit. Down slightly by 5% in the past 24 hours.
Textbook “price suppression and consolidation,” but one detail warrants caution: OI is only 5.5M USDT. For a coin that’s already nearly tripled, that’s not a particularly large position for whales. In other words, this looks like “retail traders getting shaken out while whales stay put,” not “big money quietly adding to positions.”
If you really want to take a position, keep it under 5%; relying on OI alone makes it easy to catch a falling knife.
#GTC
Textbook “price suppression and consolidation,” but one detail warrants caution: OI is only 5.5M USDT. For a coin that’s already nearly tripled, that’s not a particularly large position for whales. In other words, this looks like “retail traders getting shaken out while whales stay put,” not “big money quietly adding to positions.”
If you really want to take a position, keep it under 5%; relying on OI alone makes it easy to catch a falling knife.
#GTC