The significant rise in LTH indicators was not a real sell-off, but a rebalancing within the US Coinbase platform that moved nearly 800,000 $BTC and caused the figures to give a misleading impression.
The accounting move increased the visible cash on the chain by about 68 billion dollars, which confirms that some on-chain readings sometimes need context before they can be properly understood.
The real picture 👇 Whale behavior is almost constant... The wave that appeared was a reflection of data, not market behavior.
Being an on-chain analyst alone is not enough... You need to be a technical chart analyst in this market.
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🚨 Can on-chain readings be false sometimes?
The significant rise in LTH indicators was not a real sell-off, but a rebalancing within the US Coinbase platform that moved nearly 800,000 $BTC and caused the figures to give a misleading impression.
The accounting move increased the visible cash on the chain by about 68 billion dollars, which confirms that some on-chain readings sometimes need context before they can be properly understood.
The real picture 👇 Whale behavior is almost constant...
The wave that appeared was a reflection of data, not market behavior.
Being an on-chain analyst alone is not enough...
You need to be a technical chart analyst in this market.