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AAPL178.42-1.19%
TSLA168.90+2.62%
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TF
tf/crypto
198
tf/crypto•Posted by u/crypto_dave•

On-chain analysis: Bitcoin whales have been quietly accumulating for 6 weeks

Glassnode data that nobody's looking at:

  • Addresses >1000 BTC added 47,000 BTC in 6 weeks
  • Exchange reserves at their lowest since 2019
  • MVRV ratio at 1.8 — historical accumulation zone, far from euphoria (>3.5)
  • Hash rate at ATH despite the halving — miners aren't capitulating

Price is stalling around $95K but smart money is buying. Distribution by retail, accumulation by institutions. This pattern preceded every major rally.

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algo_trader_42·edited

Question: when you say "whales", do you distinguish between exchange wallets (like Binance cold wallets) and real holders? Internal exchange reorganizations often skew these metrics.

52
chart_wizard·edited

On-chain data is nice but it also showed accumulation before the May 2022 crash. It's not infallible.

45
crypto_daveOP·edited

True, but in May 2022 the MVRV was at 2.8 and Terra/Luna had just exploded. The context is completely different today.

33
newbie_investor·edited

I'm DCA'ing at $95K average monthly. If we go back to $85K I accelerate. No stress, 5-year horizon minimum.

18