Playmaker Profile picture
Sep 20 β€’ 14 tweets β€’ 8 min read
How are whales playing the $CHZ rallye? 🧡

#Crypto #Chiliz #CHZ

1/14 Image
Whales still hold large amounts of $CHZ.

🟒 Whales = 67% (6.0B CHZ)
πŸ”΅ Investors = 16% (1.4B CHZ)
🟑 Retail = 17% (1.5B CHZ)

It obviously matters what they do.

2/14 Image
Historically, the # of large transactions >100k USD, of course, strongly correlated with the $CHZ price.

Large T/Xs caused high volatility.

We saw peak large T/Xs at $0.90 ATH Apr 21 and at $0.55 Oct 21.

3/14 Image
If we zoom into the last six months, we can see that pattern too.

Testnet launch in March 22 led $CHZ to $0.30.

This was a major buy the rumors sell the news event, as we crashed to $0.10 afterwards.

The level of large T/Xs right now is almost as high as in March.

4/14 Image
Also, peak 24H Trading Vol in March exceeded $1.2B, a level which we almost touched yesterday at $1.1B.

Could be another local top signal.

Looking at the YTD chart, it also gets clear, that first $0.25 and then $0.30 are heavy resistances.

5/14 Image
But back to the whales.

On-chain data shows that daily net flows to exchanges this week are on the highest level in three months.

Yesterday 70m #CHZ have been sent to #Binance, the biggest exchange for CHZ by liquidity / trading volume.

6/14 Image
Whales are of course playing their games as $CHZ is talk of #crypto town right now.

The #Ethereum merge narrative is gone and #Chiliz offers a decent swing trade opportunity.

Looking at the balances by holdings, however, one can't see huge distribution by whales to retail here yet.

And frankly, this might make sense from an eye test.

#Chiliz is still in an uptrend, strong against #Bitcoin and the rallye doesn't seem to be over just yet.

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Also, the TOP100 #ETH wallets are still positioned right now, as #CHZ is among their top 10 holdings.

This could speak for a (short term) continuation of the rallye.

Especially as both main catalyst (CC2, WC) are still a few weeks away.

9/14 Image
Whales have positioned themselves here to play the #CHZ narrative.

From the data points I looked at, I can't see the big distribution has started just yet.

The rallye might find some continuation, if macro events like #FOMC allow for it.

Chiliz has been showing remarkable strength all year, pushed by strong fundamentals and narratives.

I'm sure in a different market environment we'd have seen totally different prices right now.

The question is, what will be the top of this bear market rallye and when?

I don't know and nobody will be able to tell you.

But be aware that no party lasts forever and there will come the time that distribution starts.

Profit taking, especially in a bear market, has never made anybody broke.

I still believe the peak of the rallye might be closer to the mainnet launch and world cup than just now.

We might however see a short term correction before there comes another runup.

Whales are definitely in the ring and are preparing their game plan, so should you. πŸ˜‰

If this provided value for you, make sure to retweet the first Tweet to help others find this information too. πŸ’ͺ

I cover #Chiliz, #Socios and #Fantokens - leave me a follow at @PlaymakerChiliz if you want to stay up to date about this ecosystem. πŸ™‚

Have a great day β˜•οΈ


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More from @PlaymakerChiliz

Aug 31
πŸ“Š 𝗖𝗛𝗭 π—”π—±π—±π—Ώπ—²π˜€π˜€π—²π˜€ / 𝗧𝗼𝗸𝗲𝗻 π——π—Άπ˜€π˜π—Ώπ—Άπ—―π˜‚π˜π—Άπ—Όπ—»

.@Chiliz addresses went 11x from 13k to 144k in the last two years and are at ATH despite the bear market.


Retail investors holding 100-10,000 $CHZ showed the biggest growth rates and are by far the largest cohorts.

Nevertheless, the token distribution is still largely in favor of larger investors and whales.

Read 5 tweets
Aug 3
Did you hear about the massive €100m deal between .@FCBarcelona and .@Chiliz x .@socios ⚑️ $CHZ?

The deal from the perspective of all parties involved. 🧡

If you missed the deal or want to catch up with the details, read this, and then let's go! πŸ˜‰

πŸŸ₯🟦 FC Barcelona

Barca receives capital to build their team and reorganize the club's finances.

They also get top expertise for their #web3 expansion.

The deal comes as a surprise, as in March this year tones from Barcelona sounded different:

Read 23 tweets

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