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$18.76 Billion Worth Of Bitcoin Was Dumped On Retail Investors

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By looking at the volume profiles we can see buying volume and selling volume seperately for a certain price range. When we extract selling volume from buying volume, we can calculate the net buying or selling volumes (i suppose). Here i took the April low as the top of this calculation.

On the left, i took the 7 segments for the trading range and the whole decline from April low.

Results are fascinating when you subtract selling volume from buying volume at each price level:

2.897.000 - 2.763.000 = 134.000 Bitcoins (122.198 of that in wyckoff trading range)

With an average price of $35k, this amount translates to $4.69 billion dollars AND this is just Binance!

Given Binance market share is 25% we should multiply our result by 4 which brings us to $18.76 Billion as a whole!

Notice how the current price range is just at 2.909 Bitcoins and one lower segment is at 6.694! This suggests that we are going to have lots of bull and bear traps in this area until the net selling amount reaches double digits, before we go down further.

Composite Man is fucking net selling!

Sorry, i tried being bullish, it didn't work.
註釋
Ready to catch the falling knife?
Catch The Falling Knife!
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Let's zoom out and look at the big picture.
List Of Bitcoin Bear Markets & Corrections vs Today
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So, when Lambo?
When Lambo?
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I sold my car and i'm not buying Bitcoin
I sold My Car And I'm NOT Buying Bitcoin!
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Another 20k Bitcoin was dumped since July 8th since i published this analysis, just on Binance and reached to a net sales of 154.000 Bitcoin. That's over $21.5 Billion when you extrapolate to full market (4x of Binance) on an average price of 35k per Bitcoin.
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Looks like 16k is playing out
16k Is Playing Out!

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