Hello everyone, this morning let's quickly analyze on-chain data to see what the "big players" are doing with their enormous funds:
1. Sharks quietly "pulling out" from the exchange
Data from CryptoQuant shows a significant increase in net Bitcoin withdrawals from exchanges over the past 24 hours.
Meaning: When big whales withdraw BTC to cold wallets, selling pressure decreases significantly. They choose to hold (hold) instead of taking profits around $93k.
2. ETH burning money extremely fast
ETH burn rate has increased by over 30% compared to last week. With this trend, the supply of ETH is tightening just as demand from ETFs is rising. A potential price squeeze for Ethereum seems to be forming.
3. Whale wallets setting a new milestone
The number of wallets holding over 1,000 BTC continues to rise slightly. Clearly, this price range is still seen by institutions as a "accumulation" zone for long-term goals, not a peak.
My perspective:
On-chain data shows that major players are still accumulating calmly. Therefore, there's no reason for me to rush or worry about every candlestick. Sticking to my DCA plan and understanding the "footprints" of large funds helps me invest much more peacefully.
Do you believe in "red candles" or in "whale wallets" that are filling up? Share your thoughts with me! 👇
#BinanceSquare #Onchain #bitcoin #Ethereum #whalealerts
