We got the much needed correction - now I’m loading up my ba | Cas Abbé on Binance Square

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We got the much needed correction - now I’m loading up my bags again
$SUI  looks good here to long imho

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$BTC is currently at its most important level. I'm talking about 5-yr trendline resistance, which has marked the cycle top and local top. Since 2021, whenever BTC has retested this trendline, it has dumped 40%-80%. If BTC manages to reclaim this trendline, it'll enter a beast mode. Just hope that it happens this time.

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Whales are heavily shorting $BNB. This is despite @BNBChain activity rising to 3-yr high. But this could be a trap. Usually, whales hedge their spot positions by betting on the opposite side too. It's highly likely that whales are holding big spot bags of $BNB, and just hedging their positions. So, never follow anything blindly.

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This is the most important support level for $BTC I'm not talking about $105K or $100K. $94,000 has become a very strong support level for BTC. Nearly 420K BTC has been acquired around this level. If BTC drops below $100k, $93K-$94K will be the zone to bid.

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Utility Tokens Are About to Take Off! Last cycle, people who spotted these gems early made 10x to 100x returns. I’ve put together a simple framework to help you find the big winners this time around. Let’s dive into my research: 🧵👇

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40x Bitcoin whale is opening alts positions. In the past 24 hours, he reduced his $1.1B BTC long by $300 million. After that, he has opened $ETH and $SUI long position with 25x and 10x leverage. His ETH long position is worth $60 million, while SUI long position is worth $18 million. It seems like he's now expecting major rally in altcoins.

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