The benefits by the whales comes in a context of increase in the dominance of the BTC, of increasing interest in institutional capital and graphic configuration similar to that preceding the rally in early November, when Donald Trump won the presidential election in the United States. Despite the strengthening of the narrative around the BTC as a value reserve, Trump today puts his resilience to the test by relaunching his pricing war while accentuating the pressure on the Federal Reserve (Fed).
In short
- The current Bitcoin movement looks like the one preceding the last rally.
- The whales sold 50,000 BTC in 10 days, a sign of profits.
- The narration around “digital gold” is strengthened with the boom in institutional capital.
- The Fed remains cautious, but the trade war launched by Donald Trump continues to sow uncertainty.
Whales can push Bitcoin to $ 110,000, but the sea could become agitated for the BTC
Bitcoin was in a phase of lateralization around $ 96,400 in the middle of optimistic projections, but without volatility catalyst. Indeed, the Federal Reserve (Fed) has decided to maintain the annual basic interest rate in the United States, disappointing both bulls and bears.
This week on X, Ali Martinez reported that the Bitcoin rally may have been delayed by the massive sale of large cryptocurrency portfolios, a movement that could trigger a recomposition of purchase.
The whales have unloaded around 50,000 #Bitcoin $ BTC in the last 10 days. A clear sign of profits at current levels.
For its part, Rekt Capital estimates that the dominance of the Bitcoin market could reach 71 % in the coming months and promote the resumption of the historic Bitcoin summit at $ 110,000, before the realization of the gains via the Altcoins purchase season (Altseason).
The dominance of Bitcoin has a last stage remaining in its macro bullish trend around 71 % (red). Any 64 % fall would be a new test. A successful test would allow the continuation of the final trend around 71 % (green frame).
The expert has also taken into account recent graphic schemes that guide Bitcoin to objectives achieving $ 110,000.
Digital gold
Rekt Capital's analysis can be considered modest compared to a recent report published by Standard Chartered, which does not exclude the possibility that Bitcoin reaches $ 120,000 in the first half. In this case, the British bank anticipates an exit from liquidity from the United States, partially directed towards the BTC, perceived as “Digital Gold”.
The document signed by the manager of digital asset research, Geoffrey Kendrick, also underlined the accumulation by whales and the net capital flow to the Stock Exchange (ETF) funds based on Bitcoin.
Obstacles on the Bitcoin road
On the other side of the counter, Trump imposed this week a 100 % tax on films produced outside the United States. This measure, which has irritated the markets, precedes the decision of the Federal Open Market Committee (FOMC), the decision -making body on Fed interest rates, which may not necessarily trigger an increase in bitcoin and thus delay optimistic forecasts in the short term. In addition, the BTC remains exposed to the risk of being declared illegal in Europe.
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