🐋 WHALE WATCH: Bitcoin’s current price action has pushed STH Bollinger Bands into the most oversold territory since 2018.
We are witnessing a 99th-percentile statistical event. Historically, when short-term holders are this deep in the red relative to volatility bands, it marks the transition from "panic" to "accumulation." The noise is temporary. The technical structure is screaming "oversold." Eyes on the prize.
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🐋 WHALE WATCH: Bitcoin’s current price action has pushed STH Bollinger Bands into the most oversold territory since 2018.
We are witnessing a 99th-percentile statistical event. Historically, when short-term holders are this deep in the red relative to volatility bands, it marks the transition from "panic" to "accumulation."
The noise is temporary. The technical structure is screaming "oversold."
Eyes on the prize.