Bitcoin (BTC) Whale Transactions Stay On The Sidelines

A long period of inactivity among Bitcoin investors has seen the flagship asset's price come under immense pressure, especially with the broader crypto market displaying heightened volatility. This negative performance could spill over in the upcoming weeks or months, setting a bearish environment for the flagship asset.

Une longue période d'inactivité parmi les investisseurs du bitcoin a vu le prix de l'actif phare subit une immense pression, en particulier avec le marché de la cryptographie plus large affichant une volatilité accrue. This negative performance could spill over in the upcoming weeks or months, setting a bearish environment for the flagship asset.

Among the notable bearish actions spotted is the persistent inactivity of large Bitcoin investors or whales. Advanced on-chain data and investment platform Alphractal highlighted the trend in whale activity in a recent post on the X (formerly Twitter) platform.

Among the notable bearish actions spotted is the persistent inactivity of large Bitcoin investors or whales. La plateforme avancée de données et d'investissement en ligne Alphractal a mis en évidence la tendance de l'activité des baleines dans un récent post sur la plate-forme X (anciennement Twitter).

Highlighting data from on-chain analysis firm Glassnode, Alphractal revealed that Bicoin’s whale activity has seen a noticeable slowdown. Examining the BTC Whale Transactions metric, data shows that the volume of large transactions is still at low levels, suggesting a period of reduced high-stake trading activity.

Highlighting data from on-chain analysis firm Glassnode, Alphractal revealed that Bicoin's whale activity has seen a noticeable slowdown. En examinant la métrique des transactions baleines BTC, les données montrent que le volume de grandes transactions est toujours à faible niveaux, ce qui suggère une période de réduction de l'activité de négociation à haut niveau.

The slowdown implys that large holders are becoming more cautious in light of the market's current state, which is resulting in less liquidity. While the ongoing inactivity suggests high uncertainty, it also indicates strategic accumulation by big investors.

The slowdown implys that large holders are becoming more cautious in light of the market's current state, which is resulting in less liquidity. Bien que l'inactivité en cours suggère une incertitude élevée, elle indique également l'accumulation stratégique des grands investisseurs.

It is worth noting that transfers valued at more than $100,000 are usually considered whale transactions. Whales’ overall transactions on the blockchain have been low and steady for the past 2 years, particularly since November 2022. However, the stagnation is far from what was seen from the end of 2020 to the end of 2022.

It is worth noting that transfers valued at more than $100,000 are usually considered whale transactions. Les transactions globales des baleines sur la blockchain sont faibles et stables au cours des 2 dernières années, en particulier depuis novembre 2022. Cependant, la stagnation est loin de ce qui a été vu de la fin de 2020 à la fin de 2022.

Considering the development, it appears that Bitcoin‘s current cycle has not yet reached the true euphoria that the asset witnessed in the past. In the meantime, examining the behavior of the large transactions is crucial to determine whether there is substantial demand for BTC.

Lately, demand for BTC among large investors has been gradually picking up pace in the last few weeks. Data shows a sustained bullish sentiment as whales have been accumulating BTC for over a month, reflecting renewed confidence in the asset’s long-term potential.

Dernièrement, la demande de BTC parmi les grands investisseurs a progressivement accéléré au cours des dernières semaines. Les données montrent un sentiment optimiste soutenu car les baleines accumulent le BTC depuis plus d'un mois, reflétant une confiance renouvelée dans le potentiel à long terme de l'actif.

Within a month, these investors purchased about 65,000 BTC in spite of the recent heightened volatility in the market. During significant waning market conditions, persistent accumulations by whales mean that investors are capitalizing on the ongoing drop in BTC’s price.

En moins d'un mois, ces investisseurs ont acheté environ 65 000 BTC malgré la récente volatilité accrue du marché. Au cours des conditions de déclin significatives, les accumulations persistantes des baleines signifient que les investisseurs capitalisent sur la baisse continue du prix de la BTC.

Such development is significant for Bitcoin’s market dynamics since whale accumulation has preceded upside price movements. Should the trend continue, it could lead to robust buying pressure that would lay the groundwork for BTC’s next price move.

Un tel développement est important pour la dynamique du marché de Bitcoin, car l'accumulation des baleines a précédé les mouvements de prix à la hausse. Si la tendance se poursuivra, cela pourrait entraîner une pression d'achat robuste qui jetterait les bases du prochain déménagement des prix de la BTC.

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