While most traders are stuck on price action, a rarely watched metric is screaming "sell" in the Trumps' American Bitcoin - their 3-day on-chain volume has plummeted 65% since early June.
#onchainmetrics #BitcoinVolatility
This signal is key because 3-day volume is a strong indicator of liquidity and institutional involvement, and a significant drop suggests a lack of buying pressure to support the asset.
But here's the interesting part - the volume decrease coincided with a 30% increase in on-chain sales from whales with balances above 10,000 BTC, hinting at a massive dump ahead of the upcoming reverse stock split.
The watch list is getting smaller: pay close attention to the on-chain volume of Trumps' American Bitcoin in the coming days, will it bounce back or confirm the whale sell-off?
#onchainmetrics #BitcoinVolatility
This signal is key because 3-day volume is a strong indicator of liquidity and institutional involvement, and a significant drop suggests a lack of buying pressure to support the asset.
But here's the interesting part - the volume decrease coincided with a 30% increase in on-chain sales from whales with balances above 10,000 BTC, hinting at a massive dump ahead of the upcoming reverse stock split.
The watch list is getting smaller: pay close attention to the on-chain volume of Trumps' American Bitcoin in the coming days, will it bounce back or confirm the whale sell-off?