Bitcoin whales make a significant accumulation last month. Will this affect the increase in prices?
Speculation about the bear market has grown sharply within the next society BitcoinConflict conflicts with homosexuality and the entire reducing the encryption market have decreased by more than 20 % in the past few months. Volatility may increase, but key investors are still confident of BTC prospects while collecting more coins.
Whale investors carry bitcoin in large pieces
In recent weeks, Bitcoin has faced solid movements, with the possibility of declining more. Show investors showed Fear and uncertainty During the broader performance on the market, causing their possessions to be emptied.
but, Betc investorsAnd known as whales, supported bullish feelings, and the main origins accumulated at a rapid rate of these unsure times. Market expert and investor with economics title I mentioned The positive trend in a newly searching for the pad for the leading data and analyzes on the series, Cryptoquant.
Specifically, these whales were buying Bitcoin last month, indicating strong confidence in their long -term capabilities. During this period, big investors accumulated more than 65000 BTC despite the continued correction in the price.
This positive trend indicates high purchase pressure among these investors, which creates a bullish atmosphere for the main assets. Although the development does not mean immediate effects on the price in the short term, it shows absorption by the main players, except for Miners and encryption exchange.
If it continues for a few other weeks, the expert indicated that the pattern will indicate a continuous purchase force, such as what was seen from November to December last year. Compared to the short periods of accumulation followed by distributions, this continuous movement between big investors is more important.
Meanwhile, Permanent accumulation of whales It may serve as a bullish introduction, putting the theater for the next main bitcoin step. Given the current price fluctuations, the whales appear to benefit from the BTC decrease as digital assets are fighting around the level of $ 80,000.
BTC new investors throw their property
While adult investors show an encouraging trend, a declining trend has been monitored between modern BTC buyers. Leadership of the financial and financial platform Glassnode I mentioned Bitcoin pressure is mainly centered on these dust.
This wave of sale puts a decrease in Bitcoin pricePreventing constant outbringing in the short term. Moreover, the increasing fluctuations, poor demand and liquidity made it impossible to resume a significant accumulation, which increased the possibility of a decrease.
To date, the Metric Sophie holder in the short term reveals that the sales moved it may intensify. The scale has decreased below a 1 tie level, which indicates New buyersFear and understanding their loss.
Distinctive image from Unsplash, Chart from TradingView.com
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