While Bitcoin was flirting with the $ 110,000 mark, new data show that the supply of whales has fallen to its lowest level since 2019, signaling a profits that can brake the dynamics of the rally.
In short
- Bitcoin whales sold more than 40,000 BTCs this week, worth $ 4.3 billion, dropping the offer held by these large carriers at its lowest level since 2019.
- Long -term holders also sell, which indicates weakened confidence and puts pressure on the recent rally of the Bitcoin price.
- The BTC is struggling to maintain the support of $ 108,000, with resistance at $ 109,476. A failure to hold this support could trigger a fall around $ 105,000 or even lower.
Whales sell more than 40,000 BTC
The addresses holding between 1,000 and 10,000 BTC, or whales, sold more than 40,000 BTCs in the past week, worth more than $ 4.3 billion. This high sale comes when the Bitcoin price has climbed 7 % in 24 hours, reaching $ 108,145.
Outings of whales often precede periods of high volatility. When large holders sell massively, they flood the supply market, exerting down pressure capable of slowing down prices, or even causing their total reversal.
Long -term holders also follow this trend
These are not only whales. Long -term holders are also starting to move their assets. L'Vivacity indicatorwhich measures the ratio between preserved bitcoins and spent Bitcoins, has increased sharply this week, suggesting that many former wallets choose to sell rather than accumulate.
It is a worrying signal for the bullish. Long -term holders are often considered as the vertebral column of market stability, and their decision to sell could accentuate volatility and strengthen resistance at key price levels.
$ 110K in sight
Bitcoin is currently testing $ 108,000 as a support level, with key resistance at $ 109,476. If the bulls cross this level, the path to $ 110,000 opens. But if the sales of whales and long -term holders continue, the support could yield, returning the BTC to $ 105,622, or even $ 102,734.
With the supply of whales now at a six -year -old, the question is not only to know if Bitcoin can go up higher, but if it can do it without its greatest holders behind it.
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