2023-4-13 15:15 |
Quick Take At the end of March, CryptoSlate analyzed that whales were offloading Bitcoin while all other cohorts were accumulating. On top of the accumulation from other cohorts, Shrimps have aggressively bought Bitcoin, a research piece covered by CryptoSlate. However, for the first time since the end of 2022 beginning of 2023, whales have started to accumulate — albeit cautiously. As we can see, whales buy value, aggressive buying in June 2022 and November 2022, both times capitulation occurred. Since the SVB collapse back in mid-march, the aggregate trend has been the network has been in a state of accumulation. Does this assume the bottom or value could be in the $30,000 range? ATS by cohort: (Source: Glassnode) ATS: (Source: Glassnode)
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