青梅煮币
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Qingmei Zhuobi: The rising proportion of whales on the exchange and the near-exhaustion of long positions on the big B exchange indicate the risk of BTC pullback!
The previous article 《青梅煮币：说一说比特币与ETH较为可靠的买点》 speculated on the position of the pullback and provided valuable buying points. This article explains the risk of Bitcoin's decline from other indicators.
1. The proportion of whales on the exchange is rising.
Looking at the data: The proportion of whales on the exchange has surged, with a 30-day moving average of 0.47, which means that almost half of the BTC deposits are from 'whale' traders. Historically, when this ratio exceeds 0.5, retail participation decreases, and the influence of whales rises, which may push the market into a sell-off phase, thereby increasing the risk of a pullback.
1. The proportion of whales on the exchange is rising.
Looking at the data: The proportion of whales on the exchange has surged, with a 30-day moving average of 0.47, which means that almost half of the BTC deposits are from 'whale' traders. Historically, when this ratio exceeds 0.5, retail participation decreases, and the influence of whales rises, which may push the market into a sell-off phase, thereby increasing the risk of a pullback.
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BTC
103,588.68
-1.11%
