BTC Comment from Master Analyst Woo

BTC Comment from Master Analyst Woo BTC comment came from master analyst Woo. Crypto strategist Willy Woo pointed out that whales are collecting large amounts of Bitcoin. Bitcoin prophet Woo said that this is a good sign for the future value of BTC.   "A Great Opportunity, Not Seen In Bitcoin Since 2016" Woo describes the 4,709 BTC acquisition of Square and MicroStrategy's 38,250 BTC investment as "the tip of the iceberg." The successful analyst says that large investors have reduced speculative BTC assets on exchanges by a total of 250,000 Bitcoin (about $ 2.76 billion). Willy Woo points out that it is possible that most of this newly purchased BTC could be captured by whales. Woo points out that this is a very optimistic development. The analyst states the following in his statements on the subject: “This is one of the few cases in my bitcoin career where the basics (on-chain data and metrics from infrastructure players) were in moon mode. They will be in 2021… this is an opportunity I haven't seen since mid-2016. The price action is a very lagged indicator of underlying supply and demand. Because the market does not 'wake up'. The insane stages of a bull market are when everyone 'wakes up' and it's too late. Currently the supply is being hoovered. ”   BitMEX Investigation Is Positive For Bitcoin Despite other analysts, Willy Woo points out that the recent BitMEX investigation is a pretty good development for Bitcoin. Last week, the U.S. Commodity Futures Trading Commission (CFTC) stated that it has accused five BitMEX business units and three founders of the crypto trading platform, Benjamin Delo, Arthur Hayes and Samuel Reed, of violating multiple CFTC regulations. The US Department of Justice (DOJ) also accused three exchange founders and head of business development, Gregory Dwyer, of violating the Bank Privacy Act. Noting that the BitMEX investigation should be good for the long-term health of the crypto industry, Willy Woo said: “Basically the market is afraid for the wrong reasons. BitMex was not hacked. No trader lost cryptocurrency. Futures exchanges will clear their applications. We will see less volatility, less fraud, more spot volume, more organic moves, more corporate money…”