‘Can it get any easier?’ Bitcoin whales dictate when to buy and sell BTC
— Whalemap researchers showed, Short traders behind, Cointelegraph markets pro, Past week — 1 min read
Whalemap: Bitcoin whales have all but dictated market performance in recent weeks. The data suggests trading it may be “easier” than many imagine, according to Whalmap. For those looking to reduce risk trading short timeframes, it may suffice to act according to where popular whale levels lie. While whales keep prices rangebound, Bitcoin’s correlation to stock markets is also frustrating traders. optimism remains thin for inflationary macro conditions favoring crypto strength going forward, however, as monetary tightening worldwide gathers pace, says Cointelegraph Markets Pro and TradingView analyst Bob Loukas.“Annoying” stocks correlation keeps pressure on BTCZooming out beyond internal factors, meanwhile, while optimism remains Source