$BTC
#Bitcoin 🚀🚨 whale activity is sparking interest and concern in the market. 🚨
Whales Accumulating : Recent data shows Bitcoin whales have accumulated approximately 40,000 BTC, valued at around $2.36 billion, during a price dip. This accumulation suggests renewed confidence and potentially further price appreciation.
Whale Behavior: Whales holding between 1,000 and 10,000 BTC are in accumulation mode, contrasting with retail holders who are selling. This behavior indicates a strategic, long-term outlook.
Exchange Inflows: Whales are moving BTC to exchanges, potentially signaling increased sell-side pressure. The Exchange Whale Ratio's 30-day moving average has surged to 0.47, indicating nearly half of all BTC inflows come from large transactions.
Market Impact: Historically, when the whale ratio exceeds 0.5, price tops often follow. With Bitcoin trading near all-time highs, whale behavior could signal a local top is forming.
Recent Transactions: Whales have surpassed 13,000 large transactions, exceeding $100,000 each, marking a significant increase in whale activity.
Overall, Bitcoin whale activity suggests a mix of accumulation and potential sell-off, influencing market sentiment and price movements.#INDIANstock