FTX November was a very active month for the crypto market with the bankruptcy of the stock market. After the shaking has passed cryptocurrencies It is trading in a very narrow range in the last weeks of the year.
bitcoin Although it has been calm in recent days, with the collapse of the giant stock market, investors have lost a great deal of confidence. For this reason, while the flow of new investors to the market decreases, the existing ones do not want to buy. After the hectic days in November, what crypto whales do to their positions is just emerging.
Whales Sell 20,000 Bitcoins!
Cryptocurrency analyst Ali Martinez recently centiment He shared the new on-chain data he obtained through his followers with his followers. Martinez revealed the Bitcoin sale made by whales.
“In the past 30 days, 33 whales holding between 1,000 and 100,000 Bitcoins have left the market by selling all their BTC. Whales have sold nearly 20,000 Bitcoins in the last 96 hours.”
Martinez attributed the main reason for the sale to the above-expected economic growth data in the USA. If the economy remains resilient, there is more room for the Fed to continue its tight monetary policy.
Leveraged Trades Are Intensive At This Level!
Another crypto tracker that announced on-chain data was Jarvis Labs. According to the data, there is a large amount of leveraged transactions at the $16,550 and $19,150 levels. Analysts think these two numbers can act as important support and resistance.
On the other hand, the fact that the price has not decreased despite the large sales of whales reveals that there is a serious buyer demand.
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