Everyone thinks government wallets are diamond hands, but actually they dump at the worst possible moments and leave retail holding the bag.
Most traders get rekt trying to long breakout pumps, completely oblivious to massive on-chain supply overhangs waiting to nuke their positions into oblivion.
Look at what just went down on-chain. Arkham data flagged a US government linked wallet moving 12,267 $BTC worth over $1 billion in seized Bitfinex hack assets. That is not chump change, ser. When supply chunks that big start shifting between cold custody and active addresses, order books thin out fast and even strong momentum on pairs like $ETH or $SOL feels the macro drag.
A lot of degens ignore these custody transfers until the market absorbs a massive market sell order. Watching on-chain flows before leverage longing resistance is literally the easiest way to avoid getting wiped out ngl.
Where do you think this goes from here once the market absorbs the transfer?
#Bitcoin #OnChain #CryptoTrading
Most traders get rekt trying to long breakout pumps, completely oblivious to massive on-chain supply overhangs waiting to nuke their positions into oblivion.
Look at what just went down on-chain. Arkham data flagged a US government linked wallet moving 12,267 $BTC worth over $1 billion in seized Bitfinex hack assets. That is not chump change, ser. When supply chunks that big start shifting between cold custody and active addresses, order books thin out fast and even strong momentum on pairs like $ETH or $SOL feels the macro drag.
A lot of degens ignore these custody transfers until the market absorbs a massive market sell order. Watching on-chain flows before leverage longing resistance is literally the easiest way to avoid getting wiped out ngl.
Where do you think this goes from here once the market absorbs the transfer?
#Bitcoin #OnChain #CryptoTrading