Large Holders Netflow vs Bitcoin Price

📝Overview

IntoTheBlock classifies addresses based on their holdings the following way:
🐋Whales: Addresses holding over 1% of a crypto-asset’s circulating supply.
🐬Investors: Addresses holding between 0.1% and 1% of circulating supply.
🐟Retail: Addresses with less than 0.1% of circulating supply.

In most cases, any holder with over 0.1% of circulating supply of a large cap crypto-asset holds a substantial amount of funds.
Therefore, Large Holders Netflow measures the amount of inflows minus outflows pertaining to these addresses.
Spikes in netflow can be seen as accumulation from large players, while drops point to reduced positions or selling.

(Source: IntoTheBlock)

📈Analysis

Analyzing the Netflow graph of Bitcoin, Ether and main stable coins, we have an exit peak on 📅June 19, 2022, made in USDT, as shown in the green circle.

The resistance created on this day needs to be broken to confirm a bullish scenario in Bitcoin price.