- When massive whales move in the sea, they create ripples in the water. Similarly, the movement of large holders of Bitcoin – known as "cryptocurrency whales" – generates buzz on social media, as observers wonder whether this move is a precursor to a selling process that could lead to downward price volatility.
Early on Friday, two digital wallets holding the tokens "12tLs...xj2me" and "1KbrS...AWJYm" transferred 20,000 units of Bitcoin, valued at over $2 billion, to new addresses. These movements were first spotted by the account "Whale Alert#" specialized in tracking blockchain transactions, and later confirmed by the platform "Lookonchain." These addresses first received Bitcoin on April 3, 2011, when the unit price was around 78 cents.
Currently, the price of Bitcoin exceeds $109,000, which means a fantastic return of over 140,000 times for the mentioned wallets. This massive growth provides a strong incentive for holders of these amounts to liquidate their assets and achieve huge profits. It is worth noting that many long-term Bitcoin holders have started selling their coins since the price exceeded the $100,000 barrier last May.
However, recent transfers have been made to addresses not linked to cryptocurrency exchanges, and no subsequent movements from these addresses have been recorded since they received the coins. Therefore, it is too early to conclude that the goal of this operation is selling or taking profits at the moment.
Bitcoin temporarily declines.
These whale movements coincide with a temporary decline recorded today by Bitcoin of -1.0%, bringing the price to $109,130.30, yet the overall performance over the past 12 months remains impressive, with an annual return of 90.9%, proving that the upward trend is still intact despite the apparent calm in today's trading.
This accurate and historical data is available through the advanced WarrenAI# platform, which is a powerful analytical tool that allows investors to gain in-depth insights into market movements and identify turning points based on professional indicators that are updated in real-time.
Bitcoin has seen a decrease in trading volume of -13.51% today over the past 24 hours, recording a total trading of only $48.11 billion, compared to previous peaks. This decline is interpreted as a reduction in speculative activity, not a negative reflection of market confidence, especially since Bitcoin still maintains strong control over the market, constituting 43.7% of the total trading volume in the cryptocurrency market, and 64.60% of the total market capitalization.
This relative stability reflects the strength of Bitcoin's position as the world's leading digital currency, with a circulating supply of 19.89 million out of a maximum supply of 21 million.
Bitcoin recorded an annual gain of 90.9% over the past year, while the currency showed an increase of 4.0% over the last month, and 29.8% over the last three months. The weekly change was +1.6%, indicating a gradual return of momentum following temporary fluctuations affected by geopolitical conditions in the Middle East.
Despite these circumstances, Bitcoin has shown remarkable resilience above the $108,000 barrier, following brief periods of decline. According to data provided by WarrenAI, these movements represent a classic pattern of "re-accumulation" before upward waves.
Technical indicators and analysts' views confirm a promising future.
Technical data indicates that the decrease in trading volume by -13.51% comes in a temporary context, not reflecting a reversal of the overall trend. Many analysts see Bitcoin going through a "technical pause," especially with the expectations of major financial institutions.
In a report issued by BCA Research#, the future fair value of Bitcoin is estimated at $200,000 over the next two years, driven by the weakening of the US dollar and an expanding risk appetite among global investors.
