Feeling shaky with all the market action lately?
Well, don't fret - we're seeing a drop in bitcoin balances across "new" wallets (created in the last couple of months), coupled with a sharp rise in bitcoin balances across old wallets.
Experienced hands are grabbing BTC on the cheap from those getting shaken out.
While we're not firm believers in the Wyckoff pattern being followed, a close above $36k on Monday would keep us within those trend lines - if you're one to believe in the Composite Man (re: The Bogs) theory.
However, if we fail to reach that mark - or if we reach it, and it turns out there's still a drop ahead of us - rest easy. The crypto market certainly isn't going anywhere. It may need a little more time to cook following us getting really ahead of schedule in hitting 64k BTC that early, but experienced hands are holding strong for even bigger times ahead.
Rest easy, and know we'll be here to creating some awesome new launches, and amazing new communities with you all throughout.
