Bitcoin whale activity remains neutral because it enters the discovery of prices – a bullish sign?

Bitcoin has officially entered an unknown area after it outperformed its highest level ever at $ 109,000, and climbed to a new peak of $ 112,000. The move comes after several days of monotheism and narrow speculation, as the bulls have finally dominated despite the opposite winds of the macroeconomic. Global financial markets remain very volatile, vibrating due to the ongoing geopolitical tensions and increased fears of stagnation while the US Treasury revenues remain high.

Interestingly, although prices rise, Cryptoquant data reveals a noticeable absence of the sale of aggressive whale. The whale whale to exchange a flow, which tracks the volume of large transfers from the portfolio to exchanges, explains that the whales are not currently rushing to empty their holdings. Exchange of flows from large portfolios remains much lower than the levels that usually appear near the peaks of the course.

The relatively silent whale activity indicates confidence in more bullish direction, or at least ready to allow the market to pressure above before achieving gains. With tight momentum and supply, Bitcoin’s outbreak can be the beginning of a much larger step – if the support is carried and the address of the market in the market.

Careful whales behavior signals because Bitcoin carries a bi -up

Bitcoin is currently trading just less than $ 110,000, however it continues to maintain the bullish market structure in the short term. Despite the recent decline from the highest new level ever, $ 112,000, BTC kept the top of the main support areas, which many analysts explain as a sign of strength. Some expect a continuation of high price levels, while others remain skeptical, with a warning of a possible collapse less than $ 100,000 if the momentum fits or increases the macro risk.

Tension on continuous global tensions and financial uncertainty in shaping market morale. The high geopolitical risks and recession fears have fueled fluctuations across traditional markets, but bitcoin showed flexibility. The optimism surrounding a broader upward stage continues to grow, especially since the signals on the series remain constructive.

Best Darkfost analyst I presented important visions In whale behavior, a major variable during market peaks. According to his analysis, the whale activity remains “somewhat neutral” despite BTC’s entry into a price discovery area. The scale of the whale flow confirms to exchange that the sizes sent from large portfolios to the stock exchanges remain defeated, currently about 300 million dollars per day. This is much lower than $ 1 billion+ flows that were observed during the previous summits, as in late 2021.

This restricted activity indicates that the main holders do not rush for sale, and they are likely to expect more upward trend before achieving profits. While it is expected to volatility in the short term, the lack of extreme distribution alludes to continuous support for high prices.

If Bitcoin is able to recover 110 thousand dollars, the stage can be set on another leg, and may draw the capital of marginalization and stir more upward trend. Until then, all eyes remain on the overall conditions, and whales hold the calmness of the earth.

BTC Increases Price Detection: Main Technical levels

Bitcoin maintains a higher company than the main penetration area about $ 103,600, even after facing the sale of the sale from its highest level at $ 112,000. On the daily chart, BTC is still in a bullish structure, backed by a very slope in EMA for 34 days (green), which continues to track the price closely. This indicates the continuation of the strong trend despite the brief recovery.

After leaving the long -term horizontal resistance, BTC rose with a force of about $ 112,000 before restoring the upper domain test from its previous unification. The withdrawal seems to be in good health so far, with no major collapse and size, a model sign of cooling rather than panic.

The momentum can resume if Bulls defends $ 103,600, which is also in line with the EMA group. It will be close to 110,000 dollars a strong signal for a resumed purchase. On the contrary, a daily closure can be suggested less than $ 103,600, a negative aspect towards the psychological level of $ 100,000 and a 50 -day traffic rate (currently near 94,455 dollars).

Distinctive image from Dall-E, the tradingView graph

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