Bitcoin experienced six consecutive days of losses from July 28 to August 2, falling up to nearly $ 112,000. But the momentum begins to reverse. After closing up yesterday, the asset returns to land today, growing by around 1 % in the last 24 hours and now negotiating above $ 114,000. While many small investors hastened to sell during the decline, a large operator on Bitfinex took the opposite view, regularly accumulating Bitcoin, a behavior often observed in wealthy holders during the hollows.
In short
- A Bitfinex whale continued to buy 300 BTC per day while nitcoin slipped around $ 112,000, showing constant confidence despite the weakness of the market.
- Metaplanet added 463 BTC ($ 53.7 million), bringing its total assets to 17,595 BTC, in the midst of recent prices.
- The Crypto Fear & Greed index went from 53 to 64, signaling growing optimism among investors.
Whale activity indicates long -term confidence
Adam Back, Managing Director of Blockstream, revealed that a great Bitcoin holder actively accumulated the active during the recent hollow. According to him, this investor bought around 300 BTC each day. He explained that this represents about $ 400 every second, without interruption throughout the day.
It was not the first time that this same entity has demonstrated a strong interest in the asset during a drop phase. Back said that in February, she bought bitcoin at a rate of 1,000 BTC per day. This type of regular accumulation highlights confidence in the future BTC trajectory, in particular in periods of uncertainty.
Towards the moment when Bitcoin fell to $ 112,000, Eric Trump shared a post on X reflecting the classic state of mind of “Buy the Dips”often observed in the market withdrawal phases. His message echoed the general feeling of investors anticipating a rebound.
Solid hands take over while feeling becomes more optimistic
Beyond individual investors, both institutions and market signals reflect growing confidence in Bitcoin:
- According to Lookonchain, a whale has reinforced its Bitcoin assets, now holding 752 BTC ($ 86 million)with $ 774,000 in unrealized gains, aimed at a resale at $ 120,000 per room.
- Metaplanet added 463 BTC ($ 53.7 million)carrying its total assets to 17,595 BTC, in full market.
- The Crypto Fear & Greed index went from 53 to 64signaling a net of optimism among investors.
The recent decrease puts to the test the technical supports
One of the factors causing The recent drop in the price of bitcoin is a political statement by Donald Trump, which has destabilized the financial markets and repercussions on cryptocurrencies. According to cryptocurrency data, more than $ 195 million in long positions on Bitcoin have been liquidated.
These sudden liquidations, caused by forced trades fences, largely weighed on prices during this period.
The cryptocurrency chain analysis company explained that the recent Bitcoin performance is placed near key support thresholds. These include the level of $ 111,600 (based on blockchain data), $ 112,000 (major ancient) and $ 105,500, which corresponds to the average cost for traders currently holding BTC. If Bitcoin had to drop more, these levels could be crucial to assess the buyer interest.
In this broader context, market analyst Daan Crypto highlighted a recurring scheme observed on Bitcoin. According to him, the asset often reaches his high or low monthly point during the first days of each month. In August, The summit is currently $ 116,000and the hollow at $ 112,000, a narrow range for an asset renowned for its high volatility.
He noted that Bitcoin has historically experienced monthly price oscillations of at least 10 % between its summits and its hollows, suggesting that a larger movement could still be to come.
According to him, the bullish months often start with a drop phase before going up strongly, while the lower months start on an impulse before running out of steam. The management of August remains uncertain, but the current dynamics suggest increased volatility. Some analysts also believe that Bitcoin could reach $ 140,000 by the end of the year.
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