Whales return to the Bitcoin market, driving the bullish trend 🐳🚀
The latest report from Glassnode has revealed a significant change in the behavior of large investors in Bitcoin. According to the data, whales—those investors with large amounts of BTC—have resumed their accumulation trend, which has generated upward pressure in the market and contributed to the recent price increase.
Moreover, investors holding between 100 and 1,000 BTC have significantly reduced their selling activity, decreasing the downward pressure and facilitating price consolidation at higher levels. This group of actors plays a fundamental role in market stability, as their movements can influence the circulating supply and generate changes in the short-term trend.
However, the report also notes that small investors, those with smaller BTC holdings, have not yet shown clear signs of buying. In fact, some continue to sell, possibly influenced by market uncertainty or the need for liquidity in the short term. This fragmented behavior among different holding levels shows a mixed dynamic in the market, where large capitals are driving the bullish trend while retail investors remain cautious.
As whales continue to accumulate Bitcoin, analysts are watching for potential resistance breaks and new support levels that could define the asset's direction in the coming weeks. If this accumulation persists and small investors begin to follow the buying trend, we could see even greater strengthening in the price of BTC.
Is a strong push coming?