627: BITCOIN WHALE MOVEMENTS SIGNAL CRYPTO MARKET BOTTOM IS IN, SAYS ON-CHAIN ANALYST WILLY WOO!!
New data on the amount of Bitcoin being scooped up by crypto whales and retail traders signals the bottom is in, according to on-chain analyst Willy Woo.
Woo is taking a close look at the flow of BTC to and from crypto exchanges. He says despite sideways price action, investors appear to be buying coins on exchanges and sending them to private wallets at a healthy pace.
“As price grinds sideways-bearish, coins are being scooped off the exchanges at a very bullish rate…
The latest sizing of withdrawals vs deposits are at local highs at levels that signal a bottom, whales are scooping.”
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