Thread by @hansthered

In case you missed it, I published "Whales and Retail" as part of the Kana and Katana monthly update. This novel approach suggests that whales are more likely to be trend following, while retailers tend to be value investors.

kanaandkatana.com/blog/may-2020-…

The approach uses network data and exchange flows to segment different market participants into "whales" and "retailers." Using Wyckoff we can make some guesses about how these two groups attempt to make the best of each other.

Another interesting observation is that market bottoms tend to happen near the "bottoming signature" which is what happens when both whales and retail accumulate #bitcoin at the same time, causing a supply shortage on exchanges where price discovery happens.

Last but not least, Adjusted Binary BDD shows that we are clearly in a heavy accumulation period. Couple this with the recent halving and you've got fireworks. HODL on my friends. Let Bitcoin do the heavy lifting.