Heads up, my people! How are we doing today? Pay attention because there's some news that will leave us speechless. It turns out that the market sharks, those they call 'whales,' are moving and not little by little. 🦈
Look at this serious matter: according to those who are always on the ball, they are taking a bunch of cryptos like LINK, ETH, DOGE, SHIB, and AAVE out of Binance, the largest exchange. It's not that they are selling them, no way! What they are doing is pulling them out of the exchange and storing them in 'cold wallets.' And why is that big news? 🤔
Simple. When those coins are on the exchange, it's like they're in a store: ready to be sold. But when they put them in those cold wallets, it's like putting them in a safe. That means the owners do not intend to sell them soon. Quite the opposite! 🚀
Experts, like a certain Crypto Patel, who is always checking the charts, showed that the 'network flow' of Binance is purely outgoing. That is, more coins are leaving than coming in. And in the heat map, what we see is a bunch of green dots, which are the outflows completely dominating. This is a clear signal that the whales are accumulating, buying, and holding long-term. 📈
Yes, what's the logic behind this? Well, if there are fewer coins available for sale on the exchanges, the supply decreases. And if the demand remains or increases, the price goes up, boom, it skyrockets. 💥 This makes us think that, after Bitcoin broke its record and reached $118,000, the heavier investors are preparing for altcoins to also start their own price party.
So, for everyone in this world, the move is strong and it seems something big is brewing. We need to keep our eyes wide open to see what happens in the third quarter! 👀$AAVE $DOGE $SHIB
