10 Comments
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marcelo's avatar

Thanks a lot! Where can one watch this "number of addresses holding >1k BTC" chart. I´m very very confused whether I buy in again or stay out. Will it go past 40K up or bounce back to 30 or 20K? Heeeeeeeeeeeeeeeeeeeeeeeeeeeeeelp

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TemptingBeef's avatar

It's on Glassnode, you need an advanced plan to see it on a daily basis and the whopping $799 professional plan to get it hourly (I don't have that).

Logic says we have a trading range here and I want to wait until I can buy the lower part of the trading range again 30k - 35k. If we have a spike up to 40k-44k between now and then I'm okay missing out on that trade because I want to do a more HTF play. If we break out of the trading range immediately after that then I'm rekt cause I'm don't have position of any decent size right now.

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Criptosauro's avatar

You can see it for free here: https://www.lookintobitcoin.com/charts/wallets-greater-than-1000-btc/

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Stefan / True Value's avatar

Many thanks, very elucidating, and a good enterteining read. Looking forward to more of this !

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Nail's avatar

Interesting observation. But in 2017 Number of Addresses with Balance ≥ 1k started to decline very early at $600-3000 price, missing big profits

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Yao's avatar

if price markup ,it is a bull trap ?

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Bharat's avatar

hi how do you import that Crypto Quant chart into trading view?

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TemptingBeef's avatar

You don't, it's the Pro Chart section of Crypto Quant

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Leslie Devil's avatar

Amazing! Thanks!

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Alfonso's avatar

Thanks great analysis, you have a natural talent for this. I hope you can provide this for paid subscribers only in the future as you have a gift. BTW, potential reversal 02:15 UTC though I'm skeptical and hoping to acquire at 30 - 32K range. any thoughts?

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