Are you preparing to buy the bottom, but do you know that all the whales have fled?

Author: shushu, BlockBeats

Thanks to 0xScope for the data support

On June 24, Bitcoin fell below the short-term high of $640 million. Today, Bitcoin fell below $54,000 again, extending its 24-hour loss to 8.8%. The "6·18 Big Sale" continues to this day, and it suffered a sharp drop on 7·5, ushering in Black Friday for currency circle people.

Previously, according to the analysis of crypto KOL Ignas, the price of Bitcoin is being artificially depressed, and retail investors and investment managers are tempted to sell as a hedge through deceptive selling orders from giant whales. Regardless of whether this situation exists, on-chain data is indeed a vane for predicting market trends.

With the help of 0xScope’s data, BlockBeats compiled the position and buying and selling trends of whales with a single swap transaction volume of more than 300,000 US dollars on the Ethereum chain from June 24 to July 4. Let’s take a look at the whales’ recent Which tokens were bought/sold. At the same time, the Fibonacci retracement indicator in Trading View Pro is also used to simply judge when the Bitcoin price will hit resistance and will find some support at those prices.

What is Fibonacci Retracement?

Fibonacci Retracement is a technical analysis tool used to identify potential support and resistance levels in financial markets. This tool is based on a series of numbers discovered by Italian mathematician Fibonacci, known as the Fibonacci Sequence. These numbers, when applied to technical analysis, can help traders predict potential levels of price corrections.

Major Fibonacci retracement levels include: 23.6%, 38.2%, 50%, 61.8% and 78.6%. These levels are calculated by drawing horizontal lines between the highs and lows of the trend. For example, if price rises from low A to high B and then begins to pull back, Fibonacci retracement levels will show where price is likely to find support or resistance at those specific percentage levels.

Based on the Fibonacci retracement tool, Bitcoin price may find support around $51,500 during the pullback. This price point corresponds to the 38.2% Fibonacci retracement level (i.e., 38.2% from the recent high to the low). Additionally, this price area has previously been where Bitcoin price briefly consolidated before making its final push, further raising the possibility of $51,500 acting as support.

Let’s enter the data link

ETH system (including ez ETH, we ETH, wst ETH, st ETH, r ETH, cb ETH, m ETH, sfrx ETH, sw ETH, frx ETH, uni ETH, puf ETH, rsw ETH, rs ETH, etc.)

The whales executed a total of 1116 ETH transactions between June 24 and July 4, of which 697 were buys and 419 were sells. A total of 210,922.01 ETH was purchased, valued at approximately US$740,328,736.22; a total of 123,136.27 ETH was sold, valued at approximately US$430,677,058.52.

A total of 186 whales performed net buying operations during this period, with a net purchase of 87,785.74 ETH (total buying minus total selling), worth approximately US$309,651,677.70; a total of 204 whales During this period, a net selling operation was performed, with a net selling of 87,785.74 ETH (total selling minus total buying), worth approximately US$309,651,677.70.

BTC encapsulated version (including t BTC, W BTC, etc.)

The whales executed a total of 89 BTC transactions between June 24 and July 4, of which 55 were purchases and 34 were purchases. Sell. A total of 1,743.79 BTC were purchased, valued at approximately US$107,920,685.42; a total of 414.55 BTC were sold, valued at approximately US$25,479,089.16.

A total of 28 whales performed net buying operations during this period, with a net purchase of 1,329.24 BTC (total buying minus total selling), worth approximately US$82,441,596.26; a total of 20 whales During this period, a net selling operation was performed, with a net selling of 1,329.24 BTC (total selling minus total buying), worth approximately US$82,441,596.26.

Excluding ETH and BTC related operations, Whale’s handling of other altcoins, only MKR and LDO had net buying, and the rest were mostly net selling.

MKR

The whales executed a total of 17 MKR transactions between June 24 and July 4, of which 12 were buys and 5 were sells. A total of 4,313.68 MKR were bought, valued at approximately US$10,798,758.34; a total of 1,817.12 MKR were sold, valued at approximately US$4,408,743.63.

A total of 6 whales performed net buying operations during this period, with a net purchase of 2,496.56 MKR, worth approximately US$6,390,014.71; a total of 3 whales performed a net selling operation during this period, with a net sale of 2,496.56 MKR, worth approximately $6,390,014.71.

LDO

The whales executed a total of 2 LDO transactions between June 24 and July 4, all of which were buys. A total of 378,496.10 LDOs were purchased, worth approximately $727,684.08; there were no selling transactions.

ONDO

The whales executed a total of 2 ONDO transactions between June 24 and July 4, all of which were sales. A total of 585,538.30 ONDO were sold, worth approximately $684,062.78; there were no buying transactions.

PEIPEI

The whales executed a total of 4 PEIPEI transactions between June 24 and July 4, all of which were sales. A total of 12,175,219,831,862.45 PEIPEI were sold, worth approximately US$1,913,465.89; there were no buying transactions.

PEPE

The whales executed a total of 19 PEPE transactions between June 24 and July 4, of which 6 were buys and 13 were sells. A total of 282,119,856,081.88 PEPEs were purchased, valued at approximately US$3,312,172.18; a total of 600,266,202,374.30 PEPEs were sold, valued at approximately US$6,884,446.80.

A total of 4 whales performed net buying operations during this period, with a net purchase of 318,146,346,292.42 PEPE, worth approximately US$3,572,274.62; a total of 6 whales performed a net selling operation during this period, net selling 318,146,346,292.42 PEPE were issued, worth approximately US$3,572,274.62.

BEAM

The whales executed a total of 4 BEAM transactions between June 24 and July 4, of which 2 were buys and 2 were sells. A total of 341,459.62 BEAM were bought, worth approximately US$293,409.11; a total of 341,459.62 BEAM were sold, worth approximately US$287,857.04.

FLOKI

The whales executed a total of 1 FLOKI transaction between June 24 and July 4, which was a sell. A total of 2,000,000,000 FLOKI were sold, worth approximately $343,140.00.

AQTIS

The whales executed a total of 1 AQTIS transaction between June 24 and July 4, which was a sell. A total of 20,000,000 AQTIS were sold, worth approximately $313,158.60.

PEAS

The whales executed a total of 1 PEAS transaction between June 24 and July 4, which was a sell. A total of 130,020.96 PEAS were sold, worth approximately $418,667.52.

1INCH

The whales executed a total of 1 INCH transaction between June 24 and July 4, which was a sell. A total of 1,612,124.25 1INCH were sold, worth approximately US$633,992.04.

WOJAK

The whales executed a total of 1 WOJAK transaction between June 24 and July 4, which was a sell. A total of 314,962,538.13 WOJAK were sold, worth approximately US$340,968.99.

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