In November, Bitcoin whales respond to the panic following a 20.7% drop in the total market cap. The crash resulted in significant sell-offs, revealing the market’s concentration and bringing about a strategic shift in positioning.
Whales are leveraging futures to profit from volatility amidst the panic. This strategic approach reflects historical trends where retail panic leads whales to capitalize on market downturns rather than buying immediately.
As macroeconomic pressures decline, Bitcoin whales are expected to shift toward accumulation, potentially setting the stage for a resurgence in momentum heading into December.
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