Yesterday's net change in on-chain whale addresses showed outflows and selling. This could mean that the rebounded price has reached the psychological price level of some whales, who are now selling in batches to buy at lower prices, preparing for a consolidation phase.
If today's data also shows a net outflow, the need for adjustment may be greater. What this means is that if the price continues to hold at a high level today without falling, and whale addresses show another net outflow, then caution is warranted. Alternatively, the price may still be in the process of adjustment.
Additionally, data from spot ETFs shows a net outflow of $14 million, equivalent to just over 100 BTC, yesterday. This amount is small, indicating that upward momentum is slowing, and the price is currently facing a natural adjustment due to a lack of liquidity.
Going long now is not advisable; a strategy of selling high and buying low is recommended. For buying low, wait for even lower levels to hold. #BitcoinVSTokenizedGold #ETHTrendAnalysis #AltcoinSeasonIsComing?