Bitcoin Transaction Volume Over $1M Indicates Potential Market Movements

11/18/2024 6:00:53 AM

According to ki_young_ju, the transaction volume for Bitcoin over $1 million suggests that large investors, or 'giga whales,' might wait for increased exit liquidity before making significant moves. As retail investors potentially enter the market driven by fear of missing out (FOMO) at the $100,000 price level, minor corrections could occur. However, these corrections are not expected to signal the beginning of a bear market. (Source)

Bitcoin retail investors bear market transaction volume giga whale

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