Yello, ParadiseClub Members! 😎 Noticed how quiet the big Bitcoin players have been lately? Here’s what their silence is telling us:
💎In this market cycle, the whales—holding over 1,000 BTC—are showing remarkably low activity on exchanges when it comes to selling their stash. The current 30-day average of Bitcoin sold by these giants is only 641 BTC. It seems like they’re holding tight, possibly because they see a brighter, more valuable future for their holdings.
💎Our ParadiseTeam Professional Traders have dug a little deeper: The highest Herfindahl-Hirschman Index (HHI) value among the Supply 1M-3M cohort shows us that a significant chunk of Bitcoin is concentrated within this group, which started growing when prices were around $70.4K. This price level might soon turn into a resistance level and it could be a tough ceiling to crack through as these holders might decide to sell if prices reach or exceed this point again. So, be prepared.
Stay sharp, focused, patient, and disciplined Paradisers🥂
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