Three trades, zero sells
A normal day on a major coin runs dozens of trades and millions in volume net out to pocket change. Bitcoin that day had three trades, all one way: exchange → wallet, one receiver, $11.7M bought, nothing sold.
15 Sep · 557 views · 10 reactions · 2 forwards
Smart money: from Ethereum to Bitcoin
Over the week smart money bought $52M of Bitcoin and sold $60.3M of Ethereum. Not a flight from risk — a decision about one coin: LTC, DASH, DOGE and SOL were bought. Average ETH entry $1,923 — part of the profit was sold, not the position.
14 Sep · 657 views · 11 reactions · 3 forwards
What exchanges are doing: three months, no trend
$720B left exchanges, $696B came in — a $24B gap on $1.4T of flow. On the surface the market is frozen. Venue by venue it isn't: Bitfinex +$9B, OKX +$6.61B, Binance and Coinbase Prime net negative. Rotation between venues, not silence.
17 Sep · 269 views · 11 reactions · 2 forwards
How many wallets is "smart money"?
"Smart money is selling ETH": −$44.8M, 206 transactions. Sounds like the market. It was six wallets — about 34 moves each. Not a crowd running for the exit but a few hands leaving in slices, and the same six can turn around tomorrow.
11 Sep · 561 views · 9 reactions · 1 forward