2022/5/10 LFG, small whales and medium whales sold BTC

2022年5月10日

2022/5/10 LFG, small whales and medium whales sold BTC

LFG BTC Balance:
5/8 80400 BTC :
upload.cc/i1/2022/05/10/Y0ZQsd.png

5/9 28200 BTC:
upload.cc/i1/2022/05/10/5KzCof.png

5/10 0 BTC:
upload.cc/i1/2022/05/10/TzrqL1.png

BTCUSD
ETHUSD

Huge Exchange inflow: A competition among whales (Huge, Medium, and Small whales), small and medium whales sold BTC.
It means that market will be under pressure in the shot-term.
However, who bought the BTC when retail investors were shrouded in extreme fear?

The data indicate Top 69 BTC huge whales (Hold at least 10000 BTC) only net-sold 537 BTC during 5/6~5/9.
But, Luna Foundation Guard (LFG) transferred 42530 BTC out of wallet, and some BTC flowed into exchange today (5/10).

On the other hand, the Fear & Greed Index hits 10 today (Extreme fear).
For a long-term, it would be a good time to build the position in the recent (buy in batches).

The chart shows that there are only 4 good times (2020/3, 2021/5, 2022/1, 2022/5 Now) to buy BTC&ETH in the past 3 years (Pic. 3).
upload.cc/i1/2022/05/10/k6HLF5.png

Good luck and Enjoy the market!

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Analyst of cryptocurrency Yu-Shiuan Chen (CryptoQuant & Tradingview Taiwan)