The number of holding addresses has now reached 54,636,856, with a daily increase of nearly 10 million, indicating that more and more users are entering the Bitcoin market, possibly due to increased market confidence, or long-term investors quietly entering. Meanwhile, the most active whale account (#0), although having 'zero holdings,' has seen its number of addresses surge by 557, which may indicate address diversification activities or new big players quietly positioning themselves.
On March 18, the total value of Bitcoin transferred to exchanges was $16.9 million, while the amount flowing out reached $52.9 million—far exceeding the inflow. This trend of outflow typically indicates that investors are more inclined to store Bitcoin in private wallets, reducing trading risks, or waiting for a more opportune moment to act.
In the short term, the market shows no significant buying or selling pressure, with net inflows remaining at zero, placing the market in a temporary state of balance. However, it is worth noting that interest rates have soared by 200%, which typically indicates an increase in demand for Bitcoin, or a sign that volatility may soon intensify. At the same time, the top 30 holders control 9.87% of the market, indicating that the capital movements of a few large players will still have a significant impact on market trends.
Currently, the Bitcoin market appears to be stable on the surface, but the activities of on-chain whales and the flow of funds reveal different signals— the rhythm of large funds entering and exiting often serves as a barometer for the market's next direction. Investors can pay attention to this data, remain flexible in their response, as a significant market event may be quietly brewing.
