This newsletter is sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above and get some free Bitcoin. I really encourage you to check them out.IF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.COWhales are accumulating Bitcoin again. The supply held by whales (accounts with 1k-10k BTC) just saw a massive spike to the upside, its first major move up since February of this year. Although price first began to correct around April-May, the supply held by whales has steadily declined almost the entire year. Willy Woo was asked about this trend and some other positive movements starting to form. He had the following to say.“Unbeknownst to the market right now, the strong hands are coming in and quietly, ever so slightly, accumulating their coins. We’re at a classic fundamentals divergent from price. Prices are running down. All the technical traders and chartists are super bearish.”Woo observed that the last time we saw a divergence of this size between price and fundamentals was when Michael Saylor first began buying coins in 2020, while the sentiment was bearish. This soon became the catalyst for massive price appreciation due to a “supply-side shock” narrative - a storyline that has nearly disappeared the past couple of months. Willy Woo will come on the podcast soon to dive more into these topics and revisit some of the prevailing narratives that have died and are beginning to resurface. Based on his on-chain perspective, it should be a kickass episode. Hopefully Willy can provide us all with a deeper understanding of where the fundamentals are right now in the market.Here is his tweet on whales accumulating Bitcoin.Happy holiday to all of my American members. As you can see, I am still here and working even though we officially have a day off. That said, probably better to step away from the markets and enjoy your free time if you can!Side note - I am going to hold off another day on looking at altcoins - there are some decent setups, but they are all looking less likely to play out today. ETH almost hit it's target, which was a great trade.Live stream today at 2 PM EDT! https://www.youtube.com/watch?v=vF4CHeF7Jf8In This Issue:Whales Are AccumulatingBitcoin Thoughts And AnalysisCrypto Trading Demand Cut In HalfVietnam Is Going DigitalBitcoin Completed Its Massive Difficulty AdjustmentThe Ghost Chain DebateMy Recommended Platforms And Tool
The Wolf Den #278 - Whales Are Accumulating
The Wolf Den #278 - Whales Are Accumulating
The Wolf Den #278 - Whales Are Accumulating
This newsletter is sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above and get some free Bitcoin. I really encourage you to check them out.IF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.COWhales are accumulating Bitcoin again. The supply held by whales (accounts with 1k-10k BTC) just saw a massive spike to the upside, its first major move up since February of this year. Although price first began to correct around April-May, the supply held by whales has steadily declined almost the entire year. Willy Woo was asked about this trend and some other positive movements starting to form. He had the following to say.“Unbeknownst to the market right now, the strong hands are coming in and quietly, ever so slightly, accumulating their coins. We’re at a classic fundamentals divergent from price. Prices are running down. All the technical traders and chartists are super bearish.”Woo observed that the last time we saw a divergence of this size between price and fundamentals was when Michael Saylor first began buying coins in 2020, while the sentiment was bearish. This soon became the catalyst for massive price appreciation due to a “supply-side shock” narrative - a storyline that has nearly disappeared the past couple of months. Willy Woo will come on the podcast soon to dive more into these topics and revisit some of the prevailing narratives that have died and are beginning to resurface. Based on his on-chain perspective, it should be a kickass episode. Hopefully Willy can provide us all with a deeper understanding of where the fundamentals are right now in the market.Here is his tweet on whales accumulating Bitcoin.Happy holiday to all of my American members. As you can see, I am still here and working even though we officially have a day off. That said, probably better to step away from the markets and enjoy your free time if you can!Side note - I am going to hold off another day on looking at altcoins - there are some decent setups, but they are all looking less likely to play out today. ETH almost hit it's target, which was a great trade.Live stream today at 2 PM EDT! https://www.youtube.com/watch?v=vF4CHeF7Jf8In This Issue:Whales Are AccumulatingBitcoin Thoughts And AnalysisCrypto Trading Demand Cut In HalfVietnam Is Going DigitalBitcoin Completed Its Massive Difficulty AdjustmentThe Ghost Chain DebateMy Recommended Platforms And Tool