"Smart Money" now has two options. They can close the remaining Open Long Positions that they still have from Accumulation Phase in a coordinated move, pushing price down strongly, or they can begin re-accumulating at these levels to build a new position with the profits they've taken from Distribution Phase. Either way, it will definitely be a battle of Bulls Vs Bears, and I'm excited to watch with Popcorn in hand.
Comment:
We can see how Smart Money decided to chose the latter option I mentioned on this post, pushing price on COINBASE:BTCUSD back up to the Previous ATH's at $60k, however the 1st and 2nd Divergence on Cumulative Delta Volume shows that Smart Money was selling into Dumb Money during the rise. Smart Money then began a distribution phase, however it should be noted that throughout the Distribution, Smart Money maintained an accumulated volume of just over 1/2 million BTC that was acquired during the tight accumulation range from 3k-12k after the first 20k bull run.
The final CDV Divergence shows that Smart Money is beginning to sell the accumulated 1/2 Million BTC they had accumulated and held, potentially indicating that Smart Money intends to close the remaining Open Long Positions that they still have from Accumulation Phase in a coordinated move, pushing price down strongly.