Every cycle, the moment $BTC whales start flooding exchanges during a rally is when most traders convince themselves the top is in.
That gut-punch fear of being someone else's exit liquidity has cost more people their gains than actual dumps ever did. I sold too early in 2021 watching the same pattern and spent months kicking myself.
Price ran from $75K to $87K and large $BTC transfers to exchanges picked up, testing supply right in the $84K to $87K zone. I have watched this exact setup in prior cycles. The charts rhyme until they don't.
What most miss is the other side of the tape. Spot Bitcoin ETFs just absorbed $2.4B. That is not noise. That is a serious bid eating whatever whales are offering. More whale activity is happening. A confirmed sell signal is not.
We have been here before. The traders who treated every inflow as the end of the $BTC bull market were the ones watching the next leg from the sidelines.
What's your read on this $84K-$87K supply test?
#Bitcoin #BTC #ETF
That gut-punch fear of being someone else's exit liquidity has cost more people their gains than actual dumps ever did. I sold too early in 2021 watching the same pattern and spent months kicking myself.
Price ran from $75K to $87K and large $BTC transfers to exchanges picked up, testing supply right in the $84K to $87K zone. I have watched this exact setup in prior cycles. The charts rhyme until they don't.
What most miss is the other side of the tape. Spot Bitcoin ETFs just absorbed $2.4B. That is not noise. That is a serious bid eating whatever whales are offering. More whale activity is happening. A confirmed sell signal is not.
We have been here before. The traders who treated every inflow as the end of the $BTC bull market were the ones watching the next leg from the sidelines.
What's your read on this $84K-$87K supply test?
#Bitcoin #BTC #ETF
