Robust volatility continues to take over the wider crypto market and causes stagnation BitcoinThe price in the last few weeks. This decline performance has been going on since the presence of flagships reached the highest level of a new time in January this year. In the meantime, experienced investors persistently purchased the existence in the light of this declining price movement.
Whales continue to lift Bitcoin up
Bitcoin’s price dynamics may have shown weakness in the last few weeks, and may have fallen to recover the upward momentum to the highest level of all time. However, many investors are still rising in the future performance of the asset because they show that the interest in BTC has increased.
In the midst of negative market conditions, the leading intelligence and chain data platform reported Consistent purchasing activity between large Bitcoin investors or whales. The number of BTC whale wallet addresses has increased to new levels despite the continuous pricing problems of the crypto currency.
In particular, growth is detected among large investors with 1000 BTC and 10,000 BTC, which shows the trust of its long -term potential. “As the prices continue to change as they approach the month of March, whale wallets (especially 1,000-10,000 BTC owners) continue to grow in numbers,” he said.
This development comes with the fluctuation of BTC’s market value on Monday between $ 81,000 and $ 84,000. Since then Big investors accumulate Bitcoin During volatility, it shows that these owners benefit from the last market decline with the expectation of future price rebounds.
Data obtained from the platform above chain, BTC whale The wallet addresses containing 1,000 BTC and 10,000 BTC extended to 1993 and marked the highest level since December 2024. In addition, the centimeter has announced more than 50 wallets representing about 2.6% growth in the last few weeks.
Historically, the activity of large investors affected BTC’s price movementsIncreased optimism about a sliding upwards. If this trend continues in a price range of $ 81,000 and $ 84,000, it can provide a solid support zone for BTC and allow the asset to accelerate for a short -term recoil.
As the market fluctuated, it attributed the development of centimeter to several negative factors. However, one of the most important stakeholders in the crypto can be seen as a small indicator of trust, as one of the most important stakeholder layers increased by +2.6% in the last 5 weeks.
BTC to save the highest level of all time
BTC whale investors may be adopting a strategic approach to secure future gains in the preparation for a rebound. Crypto analyst captain faibik predicted The highest level of the presence can be a rally of $ 109,000.
Captain Faibik foresees a break from a 4 -month wedge pattern to push the BTC to the level. According to the expert, the approach of the BTC to the end of the ongoing correction phase is a sign that it is prepared for it. Next Great Movement.
Analyst expects the rally to start in early April and reach $ 109,000 by the end of April. By the way, big players continue to accumulate BTC New investors are waiting for another price decrease.
The prominent picture from Adobe Stock, graphics from tradingView.com
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