우민규 Woominkyu2022-12-30

Whales are waiting for a relief rally

Exchange whale ratio in 72 MA shows that selling powers from whales have been weakened since Q3 of 2022 until the present. It shows a similar pattern which was happened between late 2018 and early 2019 so they might intend to wait for a relief rally which is highly expected to happen in early 2023 before selling their BTC at a higher price again.