BNB Interesting On-chain data and Whale psychology
I happen to come across BNB on-chain data which I find very interesting and coordinate it into the price action zone that you may consider significant for accumulation.
1. 75% of BNB holder at the moment is 1-12m period holder which started since the break out a year ago. Along the way that break out line become a valid support until now. The evidence of this assumption is in no.2
2. 82% of BNB holder is currently "AT the money". This support the aforementioned assumption that this is their "entry price"
3. Whale is currently holding 98% of the BNB supply. This means whales are accumulating BNB around these zones and short term and small hand players' sell volume is "VERY" limited at the moment.
4. Over the last 7 days, "Out flow out of the exchange" is doubled the in-flow value. As liquidity is limited and almost all of the supply is being held by the Whale. It is unlikely that the price will dip lower from these zones. If that happens, the whales will definitely accumulate it more as you may see the conviction of these whales holding it at this zone for a long period of time with lots of money invested.
Please check out the on-chain data for the ref because I am not sure if I can put in the external link in here.
Cheers!
1. 75% of BNB holder at the moment is 1-12m period holder which started since the break out a year ago. Along the way that break out line become a valid support until now. The evidence of this assumption is in no.2
2. 82% of BNB holder is currently "AT the money". This support the aforementioned assumption that this is their "entry price"
3. Whale is currently holding 98% of the BNB supply. This means whales are accumulating BNB around these zones and short term and small hand players' sell volume is "VERY" limited at the moment.
4. Over the last 7 days, "Out flow out of the exchange" is doubled the in-flow value. As liquidity is limited and almost all of the supply is being held by the Whale. It is unlikely that the price will dip lower from these zones. If that happens, the whales will definitely accumulate it more as you may see the conviction of these whales holding it at this zone for a long period of time with lots of money invested.
Please check out the on-chain data for the ref because I am not sure if I can put in the external link in here.
Cheers!