$BTC is trading around $89,800, unable to reclaim $92k. However, behind the price gloom is a clear divergence between smart money and the crowd.
š¹ On chain data show that Whales are increasing their net buying despite the market correction.
The Whale vs Retail Delta chart is currently at 0.407, showing that big money is quietly absorbing the supply that retail investor are selling in panic.
Previou cycle show that retail capitulation often occur at the end of the correction, which is the golden time for whales to accumulate for the long term.
šø Price Action & Indicator:
Selling pressure is still heavy below the $92,000 resistance. RSI is at 48 neutral, indicating that there is still room for volatility.
Hidden accumulation Despite the price drop, the Accumulation/Distribution indicator is pointing up. This is a sign of strong hand gathering good, keeping the price from falling too far below the mid $80k zone.
The shift of good from weak hand to strong hands is taking place. The market may move sideway for a while to completely shake off impatient investor before breaking out.
In your opinion, is the current retail sell off a wise action to cut losses or is it falling into a whale trap?
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