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Himanshu Yadav
General Partner at Woodstock Fund
Himanshu Yadav is a prominent figure in the blockchain and cryptocurrency world. With a rich educational background from BITS Pilani, he started his professional journey in Quality Assurance at Sabre Holdings, Project Consultant at Bharat Aluminium Company, and Executive Director at Kam Solar Energy Consultants. With his expertise and experience in the renewable energy industry, he went on to become the Director at Ultimate Sun Systems Pvt. Ltd. before finally becoming a Founding Partner at Woodstock Fund, where he specializes in DLT, startups, and venture capital. Himanshu Yadav's expertise in blockchain and cryptocurrency has made him a sought-after speaker and mentor in the industry.
Highlights
Something seems to be cooking in the US 🤔 #Bitcoin FTX failure, regulatory fud around staking and stablecoins, actions against crypto companies - but the charts seem to be telling a different story, and usually, charts never lie.
Are the institutional and large investors in the US accumulating Bitcoin and crypto assets?
Below are 3 different monthly Bitcoin price charts from 3 major exchanges :
- CME futures - typically used by large institutional investors (mainly US)
- Coinbase - mainly US investors (large and small)
- Binance - mainly non-US investors
The technical indicator shown below the price chart is the Accumulation/Distribution indicator - whenever we see a slope change from upward to downward in the green area, it signifies distribution phase (investors taking profits and selling). Whenever we see slope change from downward to upward in the red area, it signifies accumulation phase (investors buying and accumulation assets)
This indicator has been quite reliable. Whenever the slope has changed from downward to upward in the red zone, the bottom has been in already prior to that.
That slope change occurred on the CME chart 2 months back, beginning of this year. The slope change occurred on the Coinbase chart this morning, the close of the February monthly candle. The slope has pretty much flattened out on the Binance chart this morning but still hasn't turned upward.
This paints quite a nice picture of the news and fud coming out of the US vs what the investors might actually be doing there on the ground.
Disclaimer: Any past iterations of any technical indicator are not a guarantee of future results, and as always, none of the posts are financial advice.
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