Crypto Market: Recovery in Sight? Analysis of Whales and Recent Volatility
The cryptocurrency market started the week under strong selling pressure, but signs of recovery have begun to appear. Bitcoin (BTC), which has seen a cumulative drop of more than 4% in recent days, is showing a recovery movement this Thursday (8). Despite the losses, the stabilization of the market brings a breath of relief to investors.
On the other hand, Ethereum (ETH) has been the worst-performing cryptocurrency among the ten largest in the world. Altcoin volatility remains high, and ETH has recorded an impressive drop of 16.3% in the last seven days. This movement reflects the uncertainty and behavior of different types of investors in the market.
According to Julio Moreno, head of research at CryptoQuant, most of the selling pressure comes from “young whales” — large investors who have recently entered the market and are more sensitive to fluctuations. In contrast, “old whales,” investors who have held large amounts of crypto assets for a longer period of time, are not dumping their positions. This behavior suggests that, despite the recent declines, long-term investors remain optimistic.
This distinction between new and old investors is crucial. While new investors tend to react quickly to declines, exacerbating volatility, more experienced investors seem to trust in the long-term resilience of the market.
With the macroeconomic scenario stabilizing, analysts expect the market to continue its recovery path. However, it is important to remember that the crypto market is highly volatile and unpredictable, which requires extra attention from investors.
Keep an eye on the next moves and prepare for what’s coming!