bottom chart shows btc being accumulated desepite the 60%+ correction for the 20k peak. This is terrible news for btc since it shows that the big whales have yet to dump their holdings. BTC is getting squeezed into a very narrow range and my bet is further carnage following the shitstorm that is bitfinex and tether.
Its important to note that this accumulation/distribution chart is identical on multiple different exchanges. The accumulation has squeezed higher and at some point it will burst and it will be followed by the true panic sell
So whales not selling is a bad thing? Also why does that mean they HAVE to sell? Why would they have waited till the lowest price to sell? Doesn't make sense but that's just my opinion.