SignalQuant
The whales are waking up
BTC price continued to fall from Nov 2021, but the number of 10K whales has continued to increase. In the same period, the number of 1K whales went sideway but rapidly increased in May and then fell. I was not sure if some of the 1K whales were 1) sold their stacks or 2) bought more and became 10K whales. But now I think these whales in general has increased, given the recent increase in the number of both 1K and 10K whales. Although nothing has become a reality, such as the end of the pandemic, the end of the war, and the calming of inflation, did these whales regard the current price as an attractive entry price enough? Though the increase in these whales may not confirm a turnaround soon, it's worth noting that in the mid- to long-term cycles. This is because these whales’ numbers decreased when the price was at its top and these whales’ numbers increased when the price was near its bottom.