Whales have started to buy the dip.


After the recent dump, the percentage of exchange balances flowing out to large entities has spiked to 3.2%, its highest level since November 2024.
If comparing this with the 2022 bear market, something similar happened after the Q2 crash and even after the FTX crash.
Smart money never buys the absolute bottom, but they have now started to add aggressively.
This doesn't mean BTC can't go down more, but it's a sign that whales now find BTC attractive after offloading for months.
BTC-2,78%
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