Its been a while

Its-been-a-while

Stepped away from crypto back in December due to rumors of high federal interest rate hikes. My last posts talked about the leverage ratio, as we can see speculation has been wiped out. 

BTC Inflow MA7: I have marked the areas where we had peaked inflows in the past few years. Looks like whales and holders panic deposit to exchanges towards the bottom but never sell. Except when Luna dumped their reserve, the inflow spike correlated with a price drop. 

Puell Multiple: Has reached the same levels at 2020 Covid Crash & 2018 Bottom. 

Due to the macro economic conditions, everything seems over sold and relief rally is for sure on its way. Only expecting to see us go towards the lower 40k area, thats when retail will panic back in. Distribution will resume.