Thanks for the update Will! Great analysis as always. I have also been tracking miners lately, and I think the smaller miners may have capitulated while large miners continue to hold. I think this is a very bullish signal. Volume on the close below 30k was very low, and so far miner flows have fallen significantly. Now, we just need to see volume come in to the market while price pushes above near term resistance. So far, seeing early technical bullish signals.
Well done, as usual. Just a tip: the images, when clicked, don't open in high definition making it impossible to analyze. Keep up the good work.
Im suspended from twitter but I lurk your account and you give amazing insight on chain
Thanks Will 👍🏻
Thanks for the update Will! Great analysis as always. I have also been tracking miners lately, and I think the smaller miners may have capitulated while large miners continue to hold. I think this is a very bullish signal. Volume on the close below 30k was very low, and so far miner flows have fallen significantly. Now, we just need to see volume come in to the market while price pushes above near term resistance. So far, seeing early technical bullish signals.
Thanks Will, great stuff!