Large Investor Influence, Bitcoin Buying Pressure Reaches Peak
Bitcoin buying pressure $BTC reached a new peak on Tuesday (13/05), with the Binance Taker Buy Sell Ratio indicator touching 1.02. This indicates that buyers dominate the market in the short term.
The current price of Bitcoin is at US$103,527, up 22.67% in a month and approaching the all-time high of US$109,396 in January. This pattern is similar to significant moments when the price formed a base and broke through major resistance.
On-chain data shows a significant increase in large new wallets or whales holding more than 1,000 $BTC with coins less than 155 days old, indicating new capital inflow from large investors.
CryptoQuant CEO Ki Young Ju stated that the Bitcoin bullish cycle has not ended, with selling pressure decreasing and significant capital inflows from ETFs and institutions covering sales from old whales.
The combination of high buying pressure, the influx of new whales, and institutional support creates strong momentum that could push Bitcoin's price past the previous all-time high.#NewsTrade 
