New Bitcoin whales add more than 20000 BTC to their holdings

Since its closure at a low level of $ 78,620 on March 10, Bitcoin (BTC) has returned to return and is currently heading to the top gradually.

The leading cryptocurrency increased by 1.2 % over the past week, as the data in the series indicates a new wave of accumulation of whales.

The high demand for Bitcoin whale, with investors purchasing the decrease

In new a reportThe major Cryptoquant analyst Onsin found that a new wave of bitcoin whales appeared. These great investors retain at least 1000 BTC governorates and have an average acquisition age below Six months.

Onchained wrote: “Data confirmed on the series that since November 2024, this portfolio has gained more than a million BTC companies, as it has been set as one of the most influential market participants,” Onchained wrote.

When the new whales show interest in BTC like this, they indicate the emission of bullish confidence in their long -term performance. The last BTC decreased to its lowest level in many years fueling this accumulation, as it represents a major opportunity for the whales that is looking to “buy” and sell them in a Top price.

Moreover, BTC holders increased the time of the metal currencies last week, highlighting the gradual return in the budget feelings towards the currency. According to InTothheblock, this increased by 12 % over the past Seven days.

The time to keep the average client currencies is measures the length of the corridors that are kept before selling or transferred. When this extends, it reflects a stronger condemnation of investors, as investors choose to maintain their coins instead of selling.

This can help reduce the pressure pressure gradually drying the supply in the BTC market, which increases the value of the currency in In the near term.

Bitcoin at a crossroads: a bounce to $ 89,000 or a decrease to $ 77,000 after that?

Although the BTC’s elderly ray index continues to spread the red graph bars, their sizes have gradually decreased over the past few days.

This indicator compares the purchase pressure with sales to determine the prices of the original price. When their bars decrease in height, it indicates that the declining pressure weakens.

This indicates that BTC sellers lose momentum, and buyers may intervene gradually. If this trend continues, the downward trend may slow down in BTC. Its price can be recovered and climb About $ 89434.

On the other hand, if the pressure is increasing, the dangers of King Coin I fell to 77,114 dollars.