Bitcoin Whales Aren't Buying the Dip (yet)

The large holder netflow indicators helps you to keep an eye on when the largest Bitcoin wallets (those holding >0.1% of the supply) accumulate or sell $BTC. Not only can these wallets seriously impact the markets, they often pick the best moments to accumulate or sell, meaning we can learn a lot from their behavior.

Bitcoin has retraced quite significantly since the turmoil in the middle east. The big question on everyone's mind is this: Is the dip over?

While it is hard to say, we can see that the largest whales haven't started accumulating BTC yet. They did do this during previous dips. This could indicate that large holders are expecting prices to decrease further.

Keep your eyes on this indicator today, as ETF wallets can strongly impact this metric. Will ETF investors sell out of fear, or respond strongly and buy the dip?

The Large Holder Netflow indicator provides crucial insights into the activities of Bitcoin's largest wallets, those holding more than 0.1% of the supply. These wallets not only have the potential to significantly influence the market but also tend to time their buying and selling strategically, offering valuable lessons from their trading behaviors.

Recent events in the Middle East have triggered a significant retracement in BTC price. The big question on everyone's mind is this: Is the dip over?

Determining the end of the dip is challenging, but it's worth pointing out that the largest whales have not yet begun accumulating BTC , something they did do in recent downturns. This pattern suggests that these significant holders might anticipate further declines in price.

Today, keep a close watch on this indicator. ETF wallets play a substantial role in influencing this metric. The behavior of ETF investors, whether they sell out of fear or buy into the dip aggressively, will be key to predicting the market's direction.