BITCOIN ON-CHAIN CHARTS UPDATE
Let’s look at this new chart: Bitcoin Whale Watching.
Looking at the chart above (orange bar lines), we see that whales with dormant coins for more than 10 years have been moving their holdings starting around mid-October 2021. But lately, they’ve been silent as the last time they moved was December 29, 2021.
Is this a good thing? Could be. But it still pays to be cautious as we still have to be prepared as soon as they start moving again.
But 4-5yr whale coins are still active (blue bar lines).
On the other hand, we’re in for a good start this week!
What are your thoughts on this chart? Comment down below.
For more charts relevant to market top readings, stay tuned. 😉
DISCLAIMER: THIS IS NOT FINANCIAL ADVICE.
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Elisa A.
Elisa is our Head of Market Analysis at Rocket Crypto X
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