#onchain #analysis
#BTC #short_term #bearish
WHALE RATIO RISKY AREAs
Whale Ratio Charts tell us whales are uncomfortable nowadays
Daily Chart is at 0.59, very close to High Risky Area (0.60 and above)
72hr MA Chart is at 0.89, very close to High Risky Area (0.90 and above)
Cause and Effect: This activation is related with FED's May Meeting Minutes IMO. However If that metrics will not be cooled down tomorrow, it is going to be worrisome undoubtedly.
by Eralp Buyukaslan
