$18.76 Billion Worth Of Bitcoin Was Dumped On Retail InvestorsBy looking at the volume profiles we can see buying volume and selling volume seperately for a certain price range. When we extract selling volume from buying volume, we can calculate the net buying or selling volumes (i suppose). Here i took the April low as the top of this calculation.
On the left, i took the 7 segments for the trading range and the whole decline from April low.
Results are fascinating when you subtract selling volume from buying volume at each price level:
2.897.000 - 2.763.000 = 134.000 Bitcoins (122.198 of that in wyckoff trading range)
With an average price of $35k, this amount translates to $4.69 billion dollars AND this is just Binance!
Given Binance market share is 25% we should multiply our result by 4 which brings us to $18.76 Billion as a whole!
Notice how the current price range is just at 2.909 Bitcoins and one lower segment is at 6.694! This suggests that we are going to have lots of bull and bear traps in this area until the net selling amount reaches double digits, before we go down further.
Composite Man is fucking net selling!
Sorry, i tried being bullish, it didn't work.
