BTC strange wallet decrease

5 ก.ย. 2021people that hold 10 to 1,000,000 wallets dropped since 13 august 2021 till today

wallets 10-100 bitcoins reduced only by 147 wallets from 131254 to 131107
wallets 100-1,000 bitcoins reduced only by 24 wallets from 13837 to 13813
wallets 1,000-10,000 bitcoins reduced only by 10 wallets from 2070 to 2060
wallets 10,000-100,000 bitcoins reduced only by 3 wallets from 82 to 79, but its big amount
wallets 100,000-1,000,000 bitcoins stayed the same at 3, but bitcoins reduced from 576979 to 574571, and they didn't move before which is worrying

retail wallets that are less then 10 bitcoins increased all over, its same as when we started to hit 64k. whales came out early and retail suffered

good luck and be careful

5 ก.ย. 2021

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volumes dropping
divergencies showing
bitcoin curving out to flat line.
broken bottom trend line couple of times
i think we are going into correction before continue of bull run, thats if something bad doesnt go in short term

not financial advice, just laying out facts

5 ก.ย. 2021

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also not every whale will sell at drops or crashes, they are holding it for long term 5-10 years, because they can, and imagine earning in 5 years 100% or 200% from billions they invested, its very good investment
but during that time btc can fluctuate a lot, it could drop to 20k or could rise to 60k or higher or lower. its the market

5 ก.ย. 2021

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it doesnt mean it will rise all the time or drop all the time. anything can happen, so do your research and stay focused and put your hype or felling aside

5 ก.ย. 2021

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feelings

5 ก.ย. 2021

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we also can revisit 46500 to retest before bitcoin can break 51k
46500 is 0.5% Fibonacci level, it helped before might help again, if it doesnt then we go to next level Fibonacci
its Fibonacci level from 64k to 28.8k, now we stopped right at 0.61% Fibonacci and got rejected