The whales have accumulated more than 43,100 Bitcoin (BTC), at a value of about $ 4 billion, in the past two weeks, according to the data that Ali Martinez has shared. This increase in holdings reaches the total whale balance to more than 3.54 million BTC, up from 3.498 million BTC as of mid -April.
Timing is noticeable: Bitcoin regained a power in April, and is currently trading just less than 94100 dollars after a strong recovery of $ 80,000 earlier in the month.
Bitcoin’s investment funds continued to attract capital despite the uncertainty in the macro. An extension of nine days from April 21 to April 29 witnessed consistent flows with a total of more than $ 4 billion, led by IBIT and EZBC.
April 23-24 alone generated $ 1.36 billion, indicating a continuous appetite among American institutions. While GBTC external flows remain clouds, the net demand for ETF continues to support the BTC price floor near the current levels.
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Derivatives send mixed signals amid a higher size
Bitcoin derivatives jumped by 17 % in the past 24 hours to 91.5 billion dollars, but the open interest decreased slightly by 1.68 %. Long/short proportions via Binance and OKX show approximately neutral bias, slightly less than 1.0, indicating that merchants remain careful near local high levels.
It is worth noting that the location of the location circulating on Binance is still a long pervert, and the liquidation data reveal more than $ 77 million on 24 -hour Rekt sites, which are mainly short.
Smart money is run, but momentum needs confirmation
It is clear that whales buy with conviction, and the flow of ETF listed strong institutional support. But flattening open attention and cautious leverage standards suggests that momentum is not guaranteed.
Bitcoin may need another catalyst – or a clean break above 95 thousand dollars – to open the next station. Until then, the market seems to be wrapped in anticipation of a decisive movement, with derivative data that shows that merchants are turning more than speculation. If the flows and fluctuations continue, BTC may be preparing to pay another about six numbers.
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