Scott Pham (scottpham)

the good case: Bull breaks successfully at the 5th. The bad case: Bull breaks successfully at the 6th.

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#BTC forming a descending triangle and on the verge of breakdown.

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GM

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=> The darker the green, the more accumulation; the darker the red, the more movement out of the wallet. 🟢 All the small fish holding 1-1k bitcoin have stopped buying. 🟢 The largest fish holding >10k are still accumulating lightly.

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=> This indicates that the recent fluctuations are intended to scare newcomers and liquidate leveraged long-short positions. => Continue holding, there's nothing to fear. 🤌

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cool

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FISH SCARED, WHALES ACCUMULATING STRONG 👇 (updated on April 10, 2024) The on-chain chart below illustrates the actions of investors regarding Bitcoin. Classified by Fish holding under 1 BTC, from 1-10 BTC, 10-100 BTC, …. Fish holding >10k BTC

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