Big prints hitting the ask side tend to stall rallies longer than people expect. Watch how the book absorbs it before trusting any bounce.
The book absorption narrative assumes these whales are selling, but big deposits to exchanges are just as often collateral moves or OTC setups, you're predicting a dump from incomplete information.
That distinction matters, but exchange custody is still exposure. Once it's there, the temptation exists.
Great, more whales dumping on retail heads while everyone's still buying the "Solana is fine" narrative. Classic.
wick or reversal ser, cause i'm bout to size in either way 😭
Big prints hitting the ask side tend to stall rallies longer than people expect. Watch how the book absorbs it before trusting any bounce.
The book absorption narrative assumes these whales are selling, but big deposits to exchanges are just as often collateral moves or OTC setups, you're predicting a dump from incomplete information.
That distinction matters, but exchange custody is still exposure. Once it's there, the temptation exists.