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The Judas Link 8$ once again predicted the local top of Bitcoin, which was at 28k5.
Normally LINK 8$ is followed by a BITCOin retracement ~20% in average.
the wedge ETHBTC is broken down.
BTC goes sideway ETH drops
BTC drops ETH drops harder
The stark contrast between #Bitcoin and #Ethereum whales.
ETH Whales: 1k ETH or greater, all in a massive downtrend. In the space of a year, we've seen 12M ETH offloaded, since 2020, its 20M ETH.
#BTC Whales: 1K BTC or greater, all in an aggregate uptrend to flat. Offloaded some profits from 2021 or scared of FTX collapse. But resumed accumulation this year.
Significant sell pressure is coming and persistent for #Ethereum
