#Gate广场五月交易分享


After reading some analysis on BTC and ETH, I made a discovery
Everyone is watching the same set of data, but their conclusions are exactly opposite
BTC:
Bullish says whale addresses increased by 142 over 6 months, exchange balances decreased by 170k coins.
Bearish says 5/8 ETF single-day net outflow of $277 million, $331M longs are being liquidated.
ETH:
Bullish says whales accumulated 140k coins over 96 hours ($322 million).
Bearish says 50/200 day MA converges within $5, making it very hard to break through this resistance level.
The current state of mainstream coins: on-chain vs ETF inverse, whales vs retail inverse, technical traders vs macro traders inverse.
It’s not that there are no opinions, but the data points to opposite conclusions.
Betting on one side is essentially betting that the other side is wrong — which side are you betting on?
I think I’ll take a little break and watch how things unfold.
‍$BTC$ETH $SOL
BTC0.17%
ETH0.24%
SOL2.17%
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