Whale: Whale utilizing discounted prices (increasing on-chain & decreasing price)
Recovering: Positive momentum in price after potential whale activity
Cycle Support: The transaction support during a cycle
What’s the best time to invest?
After institutions make up their mind at low price levels.
How’s on-chain related to whales or institutional money?
On-chain is contributed not only by using BTC as payment methods, but more importantly by large custodians using the BTC chain to settle internal whale trades. When OTC is estimated 2-3 times of exchange , and when total on-chain is only a small fraction of the exchange , the OTC settlement plays a big factor in moving the on-chain around.
Why does the price drop further after spotting whale money?
Does new money equal higher true value? Yes.
Does new money equal higher price? No.
Whales could not only ladder in when they see the price on discount, but also push the price further down to accumulate at better price levels. However, either route chosen, it’s most likely for the price to rise to a higher level compared to the level when the whales enter. Whales are here to make money after all.