sachi2024-09-05

Whales are accumulating.

Suplly in Profit (%) and Exchange Whale Ratio after half-life. an interesting trend can be seen. As the half-life comes to an end, the influence of miners gradually declines, and by 2024, BitcoinETF is launched, etc, The influence of the price is more dependent on the Bitcoin ETF and CME in the U.S. market, rather than the influence of the exchanges, but it is an interesting trend to keep in mind. Keeping in mind, the behavior of the whales of the exchanges is more informative than the behavior of the small caps. Therefore we have to think about the 4 -Year Moving Average. About the 4-Year Moving Average The reason a 4-year moving average of price acts as support is that it shows the average trend of the market over a long period of time and market participants are more likely to recognize it as a significant level. If we were to introduce a 4-year moving average for Supply in Profit (%), this would indicate “how much supply the bitcoin market has profited over time. 3. 4-year moving average of Supply in Profit (%) may provide support MARKET CYCLE: The 4-year moving average could serve as an important level in the Bitcoin market cycle. For example, if Supply in Profit (%) is below the 4-year moving average, this is a phase of significant market losses and based on historical trends may be considered a rebound.