It is clear that the current decline in bitcoin benefits certain smart investors, ready to seize the opportunity to fill their portfolios or take the plunge by acquiring their first coins. At the same time, the BTC “whales”, these investors with well-stocked portfolios, are increasing their strategic movements. In a seesaw market, large bitcoin holders seem to be preparing for a masterstroke. But what exactly are behind these recent BTC accumulations?
Bitcoin whales on the lookout for a rebound
Bitcoin whales, these silent giants of the crypto market – who accumulated 133,000 BTC in August, have not been idle in recent days. According to the latest data from Santimentrelayed by the analyst Ali Martinez, no less than 50,000 BTC were accumulated in just ten dayss. A colossal sum representing nearly $3.15 billion at the current price.
If some small investors are trembling in the face of recent market upheavals – it seems as if they are abandoning ship, the biggest players seem to be betting on an imminent rise in prices.
- 50,000 BTC purchased;
- Worth $3.15 billion;
- Accumulation over 10 days only.
These market behemoths seem to have a well-oiled strategy: buy during periods of high volatility and widespread fear. This reflects certain confidence in the short-term rebound potential of BTC, despite a less than reassuring economic situation.
The whales are often right, one might say, but the real question is: will this accumulation be enough to trigger a new bullish wave?
The crypto market faces a critical period
The crypto market is currently going through a delicate phasewith a Bitcoin that clings to its $60,000 support like a shipwrecked man on his buoy. After a 10% correction in one weekBTC is struggling to find a second wind.
There 200-day daily exponential moving averagelocated around 60 100 dollarsremains a crucial barrier. If this level were to fall, theThe market could plunge even lower, towards $57,500, causing concern among investors.
However, the ability of BTC to cross the $63,600 mark – where the famous 200-day daily moving average is located – could well revive hopes. The market is impatiently awaiting a clear recovery so that the most optimistic investors can finally breathe. The next few days promise to be decisive for the trajectory of Bitcoin and, by extension, the entire crypto market.
As an analyst anticipated in mid-September, the drop in whale transactions seems to indicate either a simple pause or a major movement to come. The suspense remains.
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