Double Bottom for the BTC Whale Ratio

Double-Bottom-for-the-BTC-Whale-Ratio

BTC Whale Ratio fell and bounced aggressively in an event we saw last on May 20th. After the first event, we observed BTC being in what seemed like an accumulation phase for months.

All exchange reserves seem normal, net flows within ranges we expect. Fund flows on the other hand show a continued downtrend and consequently signal OTC deals. Lots of inflows to exchanges with custody solutions? Could be well just accumulated coins from OTC deals and Whales playing with the emotions of retail.