3 Months of Bear Phase ; What Happened? What Will Happen Next?

30 Jan 2022

3 Months of Bear Phase ; What Happened? What Will Happen Next?
(On-Chain Perspective)

30 Jan 2022

Catatan

Purple = Whales' BTC inflow to Derivative (Future)
* Indication of volatility / big price action incoming soon

Blue = Whales' BTC inflow to Spot
* Indication of Market Sell ( Active Sell = Dump) or
Limit Sell ( Passive Sell = Control Price Below Resistance)

Red = Whales' BTC outflow from Exchange
* Indication of Whales have done buying the Dip / Low Wick

30 Jan 2022

Catatan

What Happened Since November's Top?

1. Whales are sending BTC to Derivatives Exchanges (Purple) followed by sending BTC to Spot Exchanges to DUMP the market(Blue).
Either Bitcoins in Derivative Exchanges are being hedged or leveraged to gain profits. Most likely the second option.

2. Whales wait Retails / Short-Term Holders (STH) to sell/cutloss their BTC in fear.

3. Whales reaccumulate BTC in lows/dips/bottoms from retails / short-term holders.

Note : In this Bear Run since November's top, it started with some STHs sold their positions on top, but
Some LTHs and miners keep accumulating through the dip, in which exchange reserves are running low of Bitcoin (Only 6-6.2% of Supply left).

31 Jan 2022

Catatan

However there is still lack in demand from retails , in which price cant go higher but only being bought in dip by LTH..

Lacking of retails' demand is why price action is going bearish in spite of supply getting low.. Whales are buying bottoms not tops.