Bitcoin whale's secret actions revealed, is there a resurgence in holding or a sell-off warning?

Bitcoin price fell slightly by 0.5% on Wednesday, influenced by the overall market, approaching the $103,600 mark. However, the movements of the whales behind the scenes have drawn attention: in the past month, the amount of Bitcoin flowing into exchanges from large holders has significantly decreased, dropping from $5 billion in April to $3 billion in May, indicating that whales are reducing trading and shifting towards steadily holding their assets.

At the same time, retail investors have been active in buying, with inflows increasing from $12 billion to $15 billion, but still not reaching previous peak levels. The actual market capitalization of Bitcoin has steadily grown by 3%, reflecting an increase in buying pressure, which has pushed the price rebound.

However, the amount held by long-term holders experienced a slight drop for the second time in May, breaking the previous upward momentum, suggesting that some large holders are starting to increase their expenditures. Analysts warn that if this trend accelerates, it may indicate that the market peak is approaching, potentially bringing the risk of a price correction.

The 'hold or sell' game of Bitcoin whales is becoming the key barometer for the next phase of the market!