With crypto markets continuing its unpredictability, we have seen a big uptick in #bearish takes by the crowd here in September. Historically, this is a good thing for patient traders. Probability of price bounces rise after FUD becomes the majority.
Bitcoin has enjoyed a slight +2% price jump, returning back to $26.3K for the first time in a week. Keep an eye on the supply of $BTC on exchanges, which has increased by 3.1% in 2 weeks. Traders appear to be motivated to take small profits.
Bluzelle's supply on exchanges dropped from 55% to 35% in the midst of its rally that has been in progress since last month. Our latest insight looks at $BLZ's supply moving to whale cold wallets during this price drop, and a lesson in supply & demand.
Chainlink's key shark tier that holds between 10K-100K $LINK has been on an accumulation spree. There are now 3,127 wallets holding this level of coins, making it the highest amount since Dec. 3, 2022. They have added $9.6M worth of $LINK in 3 days.