Bitcoin price can go ‘full bull’ next month if 200-week trendline stays

Bitcoin whale and fish activity chart. Source: Jarvis Labs/X

It is not just whales; smaller investors, known as fish, have likewise been increasing their BTC exposure. Continuing, popular technical analyst CryptoCon called whales “diamond hands” thanks to their behavior during the current cycle. “The small investor to whale ratio is full force surging. What does this mean? The investors that have been selling this cycle are small, whales are holding,” part of“This is powerful for price which can be seen in the past when the metric surges.”

CryptoCon added that Bitcoin’s last cycle was characterized by “relentless” whale selling — something notably absent today.“The wind is at our backs this cycle, this is big.”Garner meanwhile reiterated the significance of the Bitcoin-to-stablecoin ratio on major exchange Bitfinex.

Source: Digital Coin News (digitalcoinnews.net)

ColeGarnersTake The bitfinex Whale ratio remains significant for predicting major Bitcoin bull runs. Analyst Cole Garner suggests a Q3 launch for a potential bullish breakout while acknowledging the importance of summer seasonality in the market.

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