Interesting correlation BTC
In picture 1, you can observe whale activity in terms of BTC transfers between spot and derivatives. Every time the activity peaked, we reached a local bottom. Today, we have peaked again, does this mean a rebound is imminent?
Also, today the number of BTC addresses containing 10+ coins reached a 19-month high (Picture 2). This tells us that not only small investors are gaining BTC but medium investors too. Interest in BTC is not going down, and there is no mass capitulation at all.
