BTC new whales market (BTC), says Cryptoquant data

Bitcoin's new "BTC), that is, accounts that each contain more than 1000 bitcoin for less than 155 days, collected huge amounts of digital gold. They are finally the largest group in the scene of whales.

Bitcoin (BTC): The dominance of the new whales is clear

Bitcoin whales (BTC) are short -term now controlling more than 60 % of the total bitcoin value stored in large -sized accounts (1000 bitcoin and larger). The most important accounts that keep bitcoin (BTC) for less than 155 days in a row, abandoned their owners in the long term in the fourth quarter of 2024, as unveil Written by Axel Adler, the series expert in the Cryptoquant community.

Adler explains that unlike the old whales, which tend to adhere to long -term strategies, new whales share more active in trading and interact more quickly with market changes. As such, their current strategy often reflects the current stage of the market cycle - be it accumulation, growth or profit.

In recent months, the "new whales" have increased their shares strongly. Its hegemony has increased since Bitcoin (BTC) reached $ 55,000, and this process accelerated as soon as the "orange currency" exceeded its highest level in 2021.

In total, the "new whales" share increased from only 17% in July 2024 to 60%, driven by optimistic general expectations about market performance.

Bitcoin (BTC) regains $ 100,000 despite the uncertainty in the market

Adler deals with this strong trend as a strong ups in the entire market: their activity tends to rise during optimism and becomes less prominent during the uncertainty stages.

At the same time, today, in the early morning hours, cryptocurrency rates have declined, as the markets are afraid of the success of the new open -source Chinese artificial intelligence model. It seems 30 times more efficient in the use of resources than the main competitors listed on the Nasdaq Stock Exchange.

As such, traders expect NVIDIA and S& P500 shares as a whole. On the contrary, Bitcoin (BTC) managed to erase the morning decreases and is now trying to stay above the level of $ 10,000.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *