Crypto Dan2022-08-06

We need to consider both On-Chain data and Macro issue for this Bear market

Whales often send huge amounts of BTC on the exchange just before a big move occurs or comes out. This indicator shows "Total Inflow volume" "Top10 Whale Inflow Volume" "7-Day Average Inflow Volume" In the bottom of 2018, the whales slowly sent BTC to the exchange, and if we look at the 7-day average deposit(Yellow), it's about the same size as current(2022). The 2020 Covid was such a sudden shock that a lot of BTC were sent to the exchange in a short time. in 2022, there have been two big moves recently, and if there was no macro issue, of course now is a good time to buy. When combined with a macro, there were issues of war, high inflation, interest rate , and resession. Since there are macro issues that can't be ignored, I think more cautious approach is necessary. We can do the better trading if we actively refer to on-chain data and think along with the macro issue. Personally, if you do accumulate 10 times, I think we should buy around 2 to 4 times now.