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Follow the Whales and Buy Bitcoin Before Its Impending Breakout

Follow the Whales and Buy Bitcoin Before Its Impending Breakout



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11 Comments

  1. Plenty of time to DCA gradually and no need to hurry and jump in all at once. This ain’t gonna break out anytime soon. The inflation news is freaking out the main indices a little bit.

    Even if indices slightly sneeze, gold and crypto will catch cold and have a bigger hissy fit short term. Already saw that in gold in 1.5 days.

    Whales/institutional accumulation doesn’t happen in 1 to 10 days. It’s not like us retails buying .001 to .01 and say I’m done let’s go up now. They have to do it over several weeks to a few months. Hence the tree will be repeatedly shaken over that period back and forth for them to deploy a billion or hundreds of millions at various levels gradually. They just cannot hit the market order and say done.

    4th QTR is the time when this might regain it’s footing and run again to end the year on a high. So a good 3 months is left to slowly accumulate.

  2. tldr; Bitcoin is on the verge of a breakout to the upside. Whale wallets now account for 48.7% of the total supply of Bitcoin. The number of wallets holding massive amounts of Bitcoin also hit a seven-week high. Bitcoin miners have been selling their rewards less often, which means they’re mining and holding it at an increasing rate.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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