Yello, ParadiseClub Members! 😎 Is the current Bitcoin rally fueled by the whale accumulation? Let’s take a look at the insider insights to understand what’s really happening:
💎 On September 2, 2024, Bitcoin was priced at $56,360. Over the following weeks, it steadily climbed to $63,770 by September 23. That’s a significant increase, and it’s essential to understand what’s behind this rise. During this same period, the whale netflow ratio began relatively low at just 0.01% on September 9. However, it skyrocketed to 0.69% by September 23. This dramatic spike in the Netflow ratio suggests that this rally was fueled by whale accumulation.
💎According to our ParadiseTeam Professional Traders, this surge in the whale netflow ratio aligns perfectly with the increase in Bitcoin’s price. The data indicates that whale accumulation acquired more BTC which contributed to the positive price action we’ve seen throughout September. This pattern shows how large holders can significantly impact the market dynamics. Data suggests October has always been the month of bulls so get ready for a mega bull rally backed by whale accumulation.
Stay focused, patient, and disciplined Paradisers🥂
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