BTCÐ price had fallen rapidly more than 5% in the past hours.
Altcoin market (Exclude BTC) begins to capitulate, and BTC Dominance starting to rise during 5/10-5/12 (Pic. 2):
upload.cc/i1/2022/05/12/Ix9kcJ.png
Changes of BTC Exchange Reserve: -17,464 BTC during 5/10-5/12 (CryptoQuant).
This is Top 69 huge whale's romance, they buy(net) more than +32,328 BTC during 5/10-5/12 (Rich lists).
For a long-term, it would be a good time to build the position in the recent when retail investors are panic (buy in batches) (Pic. 1):
upload.cc/i1/2022/05/12/Mu6FQ1.png
On the other hand, BTCUSDLONGS in Bitfinex hits its ATH, BTC price and BTCUSDLONGS are usually negatively correlated.
How will it develop next? (Pic. 3):
upload.cc/i1/2022/05/12/FqWUKg.png
BTW, USDT lose its pegs again, pay attention to the risk, and this situation also happened in 2020/3 when investors were panic (Pic. 4):
upload.cc/i1/2022/05/12/O38ToY.png
Good luck and Enjoy the market!
--------------------------
Analyst of cryptocurrency Yu-Shiuan Chen (CryptoQuant & Tradingview Taiwan)
Altcoin market (Exclude BTC) begins to capitulate, and BTC Dominance starting to rise during 5/10-5/12 (Pic. 2):
upload.cc/i1/2022/05/12/Ix9kcJ.png
Changes of BTC Exchange Reserve: -17,464 BTC during 5/10-5/12 (CryptoQuant).
This is Top 69 huge whale's romance, they buy(net) more than +32,328 BTC during 5/10-5/12 (Rich lists).
For a long-term, it would be a good time to build the position in the recent when retail investors are panic (buy in batches) (Pic. 1):
upload.cc/i1/2022/05/12/Mu6FQ1.png
On the other hand, BTCUSDLONGS in Bitfinex hits its ATH, BTC price and BTCUSDLONGS are usually negatively correlated.
How will it develop next? (Pic. 3):
upload.cc/i1/2022/05/12/FqWUKg.png
BTW, USDT lose its pegs again, pay attention to the risk, and this situation also happened in 2020/3 when investors were panic (Pic. 4):
upload.cc/i1/2022/05/12/O38ToY.png
Good luck and Enjoy the market!
--------------------------
Analyst of cryptocurrency Yu-Shiuan Chen (CryptoQuant & Tradingview Taiwan)
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.