Data from Santiment and Binance indicates that the activity of large wallets and the performance of BTC against gold and the S&P 500 moved in the same direction.
Consolidated around 107.4 thousand dollars at the beginning of the afternoon this Friday BTC91,588 €, Bitcoin remained under high weekly volatility. This was accompanied by broad participation from whales, due to the buying on the dip of BTC in recent days, amidst the mutual attacks between Israel and Iran.
This movement was contrary to the despair of the small investors with the conflict in the Middle East, which pressured BTC against the resistance of 98 thousand dollars, according to analyses from Santiment and Binance.
On X, the on-chain monitoring platform highlighted that large and medium Bitcoin wallets, respectively whales and sharks, returned to their highest level in recent months.
Regarding Bitcoin, the mapping from Santiment was complemented by the insights from Binance Research. According to the weekly report from the research arm of the global cryptocurrency exchange, Bitcoin demonstrated resilience during the conflicts, while the US Dollar Index (DXY) fell to a new three-year low, influenced in part by the ongoing public criticisms from President of the United States, Donald Trump, regarding the hesitation of Federal Reserve (Fed) Chairman, Jerome Powell, to cut interest rates, which weighed on sentiment and sparked debate among observers about the political independence of the Fed.