⚡Whales just pulled $771.5M of $BTC off Wintermute. Coincidence❔ 👀
Since Oct 1, 40 brand-new wallets withdrew 9,458 BTC. That's classic accumulation behavior, and it's not retail size.
BlackRock and Fidelity ETF wallets also took in ~$54M in BTC (transfers alone don't confirm fresh buys, but the timing is interesting).
Spot netflow was -$465M on Oct 22. More coins left exchanges than came in, and reserves dropped 1.35%. Less sell-side supply sitting on exchanges is usually bullish.
📊 BTC is around $81.7K, holding the $81K demand zone. The Parabolic SAR just flipped bullish (dots at $80K), and MFI at 53.7 shows mild buying pressure. Nothing euphoric yet, and that's healthy.
🎯 As long as $80-81K holds, the path of least resistance is up. First target is $84K. A clean break above it could open momentum. If $80K fails, the setup is invalid, so respect your stop.
This could be a recovery setup worth watching, not a signal to ape in blind. Wait for confirmation, size smart, and don't chase green candles 🚀
What's your play: accumulate here or wait for $84K?
DYOR
#Bitcoin
#BTC
Since Oct 1, 40 brand-new wallets withdrew 9,458 BTC. That's classic accumulation behavior, and it's not retail size.
BlackRock and Fidelity ETF wallets also took in ~$54M in BTC (transfers alone don't confirm fresh buys, but the timing is interesting).
Spot netflow was -$465M on Oct 22. More coins left exchanges than came in, and reserves dropped 1.35%. Less sell-side supply sitting on exchanges is usually bullish.
📊 BTC is around $81.7K, holding the $81K demand zone. The Parabolic SAR just flipped bullish (dots at $80K), and MFI at 53.7 shows mild buying pressure. Nothing euphoric yet, and that's healthy.
🎯 As long as $80-81K holds, the path of least resistance is up. First target is $84K. A clean break above it could open momentum. If $80K fails, the setup is invalid, so respect your stop.
This could be a recovery setup worth watching, not a signal to ape in blind. Wait for confirmation, size smart, and don't chase green candles 🚀
What's your play: accumulate here or wait for $84K?
DYOR
#Bitcoin
#BTC
