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Bitcoin Whale Analysis — Update 🚨

Created
Oct 7, 2024 7:37 PM
Tags
analysisbitcoin
Token
BTC
Topic
Insights
Date
October 7, 2024
image

Bitcoin kicked off the week with massive volatility, bouncing between 62.5k and 64.5k. So, I wanted to know what the big boys do and analyze the buy/sell orders of the last few days.

Here's what I found out:

▸ When looking at 50k-100k orders, bull outperform the bears by ~5%.

▸ We have a similar picture of the orders between 100k and 500k. 2,117 buy orders smash 1,884 sell orders.

▸ However, the picture changes when we move higher. Looking at the orders between 500k-1m, the sellers outperform the buyers by ~30%.

▸ The trend increases for orders beyond 1m. While there are only two buy orders, we have eight sell orders.

Based on the data from the last few days, smaller whales are accumulating while more giant whales are selling.

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