A very interesting piece of on chain data has emerged this week as the Realized Cap of New Whales has risen in precisely the same fashion as it did back in 2020, right before BTC skyrocketed from $20k to $65k over the next 4-6 months.
Simply put, this implies that big players are still accumulating at the current prices.
No doubt this spike has been driven by Blackrock and Co, who have received billions upon billions of dollars worth of inflows since approval back in January.
IBIT, Blackrock's spot Bitcoin ETF, is the fastest growing etf of all time by a long shot.
And with the Ethereum ETFs approved (not yet trading), the future of crypto is looking bright.
Remember, the big boys do not want you to make money.
They want to shake you out of the market and buy all your holdings.
This game is brutal, and they do NOT care about you at all.
This is the first step to understand markets.
Think like a whale.
How can I make the most money possible while also destroying the average investor to compound my profits?
This is why the news outlets are telling you the worst recession EVER is coming when the markets have ALREADY bottomed.
Keep an eye out for when the news is the exact opposite - 100% positive.
This will be a very BAD sign. But we are not there yet.
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