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On-Chain Analyst Willy Woo: Bitcoin Whale Movements Signal Crypto Market Bottom Is In

Amy Liu

Summary: New data on the amount of Bitcoin being scooped up by crypto whales and retail traders signals the bottom is in, according to on-chain analyst Will Woo. Woo is taking a close look at the flow of BTC to and from crypto exchanges. He says despite sideways price action, investors appear to be buying coins ...

New data on the amount of Bitcoin being scooped up by crypto whales and retail traders signals the bottom is in, according to on-chain analyst Will Woo. Woo is taking a close look at the flow of BTC to and from crypto exchanges. He says despite sideways price action, investors appear to be buying coins on exchanges.

The latest sizing of withdrawals vs deposits are at local highs at levels that signal a bottom, whales are scooping.” Woo says the numbers imply a supply shock is underway, with demand for BTC steadily outpacing the amount available on the market.

By Amy Liu

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Link: On-Chain Analyst Willy Woo: Bitcoin Whale Movements Signal Crypto Market Bottom Is In   [Copy]
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