Wondering how effective is Glassnode data of BTC inflows/outflows to exchanges?
1) Large group of whales sell BTC OCT
2) Whales then coordinate to send very large amount of BTC to exchange to cause a “bearish signal” on on-chain data
3) People panic and sell BTC, price drops
4) Whales buy up cheap coins and laugh all the way to the bank.
Do you think this scenario is realistic or not?
How much of it is priced in do you reckon?
Can’t the whales simply coordinate in the following fashion to manipulate market?
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