Hello guys,
When I see a Whale Alert on twitter, the replies following a given alert looks like going on the opposite direction of what I am interpreting on that alert.
For example, I see an alert like:
"🚨 500 BTC transferred from unknown wallet to Coinbase"
My interpretation of this, is that this whale is expecting the price to go up, so its moving a part of their BTC into an exchange to start trading leveraging that capital.
But, the comments I read on the style "game over" or "time to move to ETH" suggest the opposite.
How do you guys read the Whale Alert tweets?
Thanks!
The more whales move coins to exchanges, the more I consider this a sign of a coming bear market. When price climbs the highest, the first will cash out and typically it's these guys who are long in and have the highest profit. They are selling to the people coming late to the party and if less and less people coming in, price will decline.