Main meals
Bitcoin decreased to $ 111,000 amid climbing flows and whale rising to 0.73. However, the low percentage of the fund’s flow and the high tightening of the signal supply to the stock flow to the flow. The price may now merge more than 113 thousand dollars.
Bitcoin [BTC] Nearly 5 % of the highest level in late July decreased 119.8 thousand dollars, and decreased to the lowest level in 3 weeks at 112 thousand dollars on August 2.
At the time of the press, it hovers about 113.6 thousand dollars, with the trading volume decreased 24 hours by more than 23 %, for each coinmarketcap.
This last decrease comes amid an increasing pressure pressure, led by whales and high exchange flows – especially on Binance.
Bitcoin bince flows rise
According to Cryptoquant Darkfost analyst, Binance BTC flows rose from 5300 to 7000 BTC last month.
Source: X/Darkfost
Although the height is still low, it indicates a shift in the investor’s behavior, which ends the declining direction for 4 months.
This trend reflection indicates an early shift in the morale of BTC investors, where they expect market fluctuations or total economic changes.
Source: Santime
Miscellaneous, the likely decrease increases the excess of the current transformation in investor morale.
As of the writing of these lines, the scale sat around -0.78, which means that most investors have a favorable vision of the market.
Whales lead the charge
Amid the rise in Binance flows, the whales led the package.
According to Cryptoquant, the percentage of exchange whale increased dramatically, reaching 0.7, which means the whale dominance.
Source: Cryptoquant
The whales that deposit BTC En collectively indicate that a large holder either gets profit, re -placed or preparing for more fluctuations.
But wait! Not all signals are screaming selling
Interestingly, the Fund’s flow rate decreased to 0.053, which implicitly means that less transactions will exchange in relation to the total network activity. In short, not everyone throws.
Source: Cryptoquant
As expected, if less than BTC flows to exchanges, the number of metal currencies is easily available to sell them.
Moreover, Bitcoin’s scarcity increased to reach the highest monthly level of 646.21, as it is clear from the stock ratio to flow.
Source: Santime
Can the bulls carry a downward cycle?
According to Ambrypto analysis, Bitcoin has seen a strong declining trend as investors empty their property while others retreated from the market.
As a result, the directional movement index of Bitcoin (DMI) decreased to 14 while the negative index rose to 21. Likewise, its relative life index fell to -0.19, confirming more weak momentum.
Source: TradingView
When momentum indicators are adjusted in this way, they indicate a strong, strong trend and weak bullish momentum.
If the market morale remains negative with pressure on the pressure pressure, Bitcoin may decrease again and find support about $ 110,000.
However, if those who take a step in the market rise, Bitcoin may settle and trade in a unification range of $ 113,000 and $ 117,000.
Source: https://ambcrypto.com/bitcoin-lides-5-whales-take-profits-is-t-to-to-sel-to-huld-hou-wait/