Large whales mildly distributing in 2024

Large whales started 2024 distributing more than accumulating (ratio > 1)

During 2023 when that happened while BTC was moving up strongly it ended in a correction.

Currently we are only consolidating. So it’s not necessarily too bearish yet.

If we enter green that’s usually a great time to accumulate (mimicking the large whales tends to work out well most of the time)