At this point, Wedson claims that downside risks are still present. However, it tends to be more limited and contained, as any further drops here are likely to be smaller in magnitude. During this period, a sharp move like a $15,000 shakeout remains on the table for Bitcoin, the kind that creates one final wave of panic across the market.
In the meantime, the expert anticipates a gradual shift into bullish territory again while the broader market is still losing interest. A trend like this could mark the final 5 months of fear and disinterest in Bitcoin, followed by 5 months of steady accumulation by Bitcoin OG investors.
Investors’ Activity Hints At A Recovering MarketCW noted that the indicator is becoming increasingly confusing. Meanwhile, the most realistic signal here is that the balance of BTC whale investors is rising extremely fast.
