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#Tether WATCH ALERT 
I HAVE DATA THAT THE #BITCOIN
RALLY IS A BAGHOLDER RALLY AND THE WHALES ARE OUT!
Pictures/tags first, full explanation below.
#Fintwit #BTC #Ethereum #ETH #XRP $BTC $ETH $USDT $XRP #LTC $LTC #BCH $BCH #LINK $LINK #ADA $ADA #DOT 
$DOT #BNB 
$BNB
I HAVE DATA THAT THE #BITCOIN
RALLY IS A BAGHOLDER RALLY AND THE WHALES ARE OUT!Pictures/tags first, full explanation below.
#Fintwit #BTC
#Ethereum #ETH #XRP $BTC $ETH $USDT $XRP #LTC $LTC #BCH $BCH #LINK $LINK #ADA $ADA #DOT $DOT #BNB $BNB
So, all credit goes to @crasl7 for finding this site, without him continuing to dig for #Tether wallet info i wouldn't have found this.
The website is called Flipside Crypto, and i was using it to try and dive deeper into Tether transfer paths:
https://app.flipsidecrypto.com/cooperative/tether?utm_source=Coin%20Telegraph&utm_medium=news&utm_campaign=tether%20activity
The website is called Flipside Crypto, and i was using it to try and dive deeper into Tether transfer paths:
https://app.flipsidecrypto.com/cooperative/tether?utm_source=Coin%20Telegraph&utm_medium=news&utm_campaign=tether%20activity
While i was looking at #Tether bouncing back and forth and he was on a foodrun, i thought i would click on #Bitcoin to see if i could correlate movement. While Tether only offers one month of animations, fortunately for me, #BTC offers two months of data:
https://app.flipsidecrypto.com/cooperative/bitcoin
to see if i could correlate movement. While Tether only offers one month of animations, fortunately for me, #BTC offers two months of data:https://app.flipsidecrypto.com/cooperative/bitcoin
And what i saw next shocked me.
The animation starts on October 4th. I saw a mass on the #Bitcoin whales/exchanges and i figured, well that makes sense. And between October 4th and 25th there's minor movement back and forth as i'd expect.
But then... October 26th happened.
The animation starts on October 4th. I saw a mass on the #Bitcoin
whales/exchanges and i figured, well that makes sense. And between October 4th and 25th there's minor movement back and forth as i'd expect.But then... October 26th happened.
From that date onwards, the large mass of #BTC in the Exchanges and Whales starts transferring almost entirely into Small Wallets - with the remainder going into #Binance . Presumably for Leveraged trading.
It wasn't until the very last day that i realized what i was looking at.
in the Exchanges and Whales starts transferring almost entirely into Small Wallets - with the remainder going into #Binance . Presumably for Leveraged trading.It wasn't until the very last day that i realized what i was looking at.
This isn't an animation of all wallets, or what's in them.
This is an animation of Purely Transfer Volume In #Bitcoin between wallets that have been identified as major holders, exchange wallets or none of the above - the presumably retail public.
Then my heart started pounding
This is an animation of Purely Transfer Volume In #Bitcoin
between wallets that have been identified as major holders, exchange wallets or none of the above - the presumably retail public.Then my heart started pounding
Because i add numbers up very quickly in my head.
And i'd seen the numbers in K's. Always Plus.
So, i decided to add it all up manually.
Here's that screenshot again.
Conclusion:
- Over the last 60 days, 1.4 MILLION #Bitcoin have gone from Whales/Exchanges to Small Wallets.
And i'd seen the numbers in K's. Always Plus.
So, i decided to add it all up manually.
Here's that screenshot again.
Conclusion:
- Over the last 60 days, 1.4 MILLION #Bitcoin
have gone from Whales/Exchanges to Small Wallets.
The Nominal value of this, at the time of making the screenshots, was $26,5 BILLION #USD.
A truly staggering number.
All went to people who are looking for a greater fool to sell to.
But... There aren't any. Not unless you count Africa (and Cuba lets not forget the Commies):
A truly staggering number.
All went to people who are looking for a greater fool to sell to.
But... There aren't any. Not unless you count Africa (and Cuba lets not forget the Commies):
If anything the #bitcoin search volume has started to trend down.
And i'm afraid it can't be #Tether either. Over the last 90 days, Tether increased by roughly $5,524,152,477 in circulating supply.
While significant, against $26,5 billion total, it can't be fully responsible.
search volume has started to trend down.And i'm afraid it can't be #Tether either. Over the last 90 days, Tether increased by roughly $5,524,152,477 in circulating supply.
While significant, against $26,5 billion total, it can't be fully responsible.
However #Tether did predict the recent top via On Balance Volume taking a dive (Go google what that means because last time i baked it *into the picture* and somebody still asked for an explanation, fuck y'all).
Now that i know this transfer pattern it makes complete sense.
Now that i know this transfer pattern it makes complete sense.
While the website does not tell me how much #Bitcoin is contained within each category in total, since there are a maximum of 18,5 million #BTC , transferring 1,4 million of $BTC (7,5% of total!!!) from any one place to another is *CERTAINLY* significant
is contained within each category in total, since there are a maximum of 18,5 million #BTC , transferring 1,4 million of $BTC (7,5% of total!!!) from any one place to another is *CERTAINLY* significant
Let me spell it out:
THIS IS NOT A HODL RALLY.
THIS IS A BAGHOLDER RALLY.
WHALES SOLD INTO STRENGTH!
THERE WILL NOT BE A MASS OF GREATER FOOLS.
EVEN THE GRAYSCALE BITCOIN TRUST HAS ONLY 547,082.83 BITCOIN. 1,4 MILLION IS MASSIVE!!!
THIS IS NOT A HODL RALLY.
THIS IS A BAGHOLDER RALLY.
WHALES SOLD INTO STRENGTH!
THERE WILL NOT BE A MASS OF GREATER FOOLS.
EVEN THE GRAYSCALE BITCOIN TRUST HAS ONLY 547,082.83 BITCOIN. 1,4 MILLION IS MASSIVE!!!
Speaking about the #Grayscale trust, how much Pump do you think it gives the price of #Bitcoin when there's 574,950,700 Shares worth $23.22 = $13,350,355,254.
They say they have $10,5B AUM - But this is only at the current price (547K $BTC x $19120 current #BTC price = $10,42B).
when there's 574,950,700 Shares worth $23.22 = $13,350,355,254.They say they have $10,5B AUM - But this is only at the current price (547K $BTC x $19120 current #BTC
price = $10,42B).
For the premium to clear (i don't even know why it's there why pay a 2% fee for something literally designed for you to buy yourself online) #Bitcoin needs to go to $24,402.80! (13,5B/547K)
While the premium is there, it provides positive price pressure. But that's all it does.
needs to go to $24,402.80! (13,5B/547K)While the premium is there, it provides positive price pressure. But that's all it does.
If the #BTC price drops by 10%, that 10,5B AUM drops to 9,45B AUM.
And that can happen *instantly*. Attaching the last two big drops to remind people how fast it can go.
Not to mention i'm thinking the Grayscale trust *is* where alot of bagholders will be located.
price drops by 10%, that 10,5B AUM drops to 9,45B AUM.And that can happen *instantly*. Attaching the last two big drops to remind people how fast it can go.
Not to mention i'm thinking the Grayscale trust *is* where alot of bagholders will be located.
Let me round this off by saying:
#Retail bagholders need to understand the position you're in.
You can't ever sell. You can only HODL.
IF YOU SELL THERE WILL BE NOBODY TO BUY. MAYBE THAT'S NOT TRUE NOW, BUT ONCE ALL OF YOU GET THE SAME IDEA AT THE SAME TIME THINGS HAPPEN FAST!
#Retail bagholders need to understand the position you're in.
You can't ever sell. You can only HODL.
IF YOU SELL THERE WILL BE NOBODY TO BUY. MAYBE THAT'S NOT TRUE NOW, BUT ONCE ALL OF YOU GET THE SAME IDEA AT THE SAME TIME THINGS HAPPEN FAST!
I have no idea how long this can continue, but i do know this:
I see only Plus signs on that calculator screenshot. And i only see Minus under the Whales.
They. Are. Not. Buying.
They. Are. Not. HODLing.
Who ever is left holding the bag now *IS* the greater fool.
I see only Plus signs on that calculator screenshot. And i only see Minus under the Whales.
They. Are. Not. Buying.
They. Are. Not. HODLing.
Who ever is left holding the bag now *IS* the greater fool.
And make NO mistake about this:
This is *Separate* from the #Tether story. At this point, i can only *hope* alot of these smaller wallets ARE Tether's, as that would minimize the damage on #Retail.
This has nothing to do with the Value discussion either. This is a Straight Dump
This is *Separate* from the #Tether story. At this point, i can only *hope* alot of these smaller wallets ARE Tether's, as that would minimize the damage on #Retail.
This has nothing to do with the Value discussion either. This is a Straight Dump
May god have mercy on your souls.
Because the market sure as shit won't.
Don't say i didn't warn you.
Tags! #Bitcoin #Tether #Fintwit @PalisadesRadio @goldsilver_pros @TheEarlyStage @ArcadiaEconomic @GlobalProTrader @chrismartenson @TESLAcharts @Ben__Rickert @pokerstarsgirl
Because the market sure as shit won't.
Don't say i didn't warn you.
Tags! #Bitcoin
#Tether #Fintwit @PalisadesRadio @goldsilver_pros @TheEarlyStage @ArcadiaEconomic @GlobalProTrader @chrismartenson @TESLAcharts @Ben__Rickert @pokerstarsgirl
