Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Whales
Control 94.5%
Of Exchange Volume – Selling Patterns Suggest Shift
Ahead
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Whales Control 94.5% Of Exchange Volume – Selling Patterns Suggest
Shift Ahead
by Sebastian Villafuerte
4 minutes ago
in Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin News
0
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin has experienced a significant surge, climbing from local lows of
$92,000 to a local top of $98,950 yesterday. This upward momentum has
reignited optimism among investors and analysts as the leading cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта
continues to show resilience after weeks of market indecision. However, the
dynamics behind this rally shed light on the influence of major market
players.
Related Reading: Who’s Selling Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin? Top Analyst Uncovers Old Whale
Activity
Data shared by CryptoQuant analyst Axel Adler highlights an intriguing trend:
the top 10 large transactions on exchanges now dominate 94.5% of the total
trading volume, overshadowing smaller transactions. This data suggests that
whales and institutional investors are playing a dominant role in shaping
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin s price movements. Their dominance not only underscores the
concentration of market power but also raises questions about the
sustainability and trajectory of this recent surge.
As BTC approaches the psychological $100,000 mark , the market eagerly awaits
confirmation of a continued bullish trend. The interplay between large
transactions and retail participation will determine the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта’s
direction in the coming weeks. Whether this rally is the start of a new leg up
or a temporary spike remains to be seen, but the current dynamics highlight
the growing influence of major players in the Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin ecosystem.
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Dynamics May Change
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin whales have always played a critical role in the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта
market, consistently dominating over 90% of transaction volumes since its
early stages. Their influence is a hallmark of the market s dynamics,
often dictating price trends and shaping investor sentiment. However, this
dominance is not static and fluctuates with market cycles, offering insight
into broader trends.
Top analyst Axel Adler recently shared data on X , shedding light on the
current state of whale activity. According to Adler, the top 10 large
transactions on exchanges now account for an impressive 94.5% of the total
market volume, eclipsing smaller transactions. This figure is particularly
noteworthy as it exceeds the 10-year average of 93.5%, underscoring the
increasing concentration of market power among large players.
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin top 10 large transactions dominate the market with 94.5% | Source:
Axel Adler on X
Adler highlights a historical trend in whale behavior: around the mid-cycle,
whales typically sell their holdings, gradually reducing their market
dominance as the cycle peaks. This pattern was prominently observed during
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s movement between $35,000 and $70,000, where whale dominance began to
wane. The current elevated dominance of large transactions suggests that
whales remain highly active, which could signal the early to mid-stages of a
bullish cycle.
Related Reading: Time Lag In Global Liquidity To Fuel BTC Growth – Details
Understanding this dynamic is crucial for investors. While whale dominance
highlights confidence among major players, it also emphasizes the importance
of monitoring their behavior for signs of market shifts. As Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin navigates
its next move, tracking these metrics will be vital for assessing the
potential trajectory of the market.
BTC Trying To Push Above $100K
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin is currently trading around $98,000, following its first attempt to
breach the highly anticipated $100,000 mark. This level represents a
significant psychological and technical barrier, and breaking above it could
pave the way for a new wave• Литература » Библиография » New Wave (серия) of bullish momentum. However, for this to happen,
bulls must not only push the price above $100K but also establish it as a
strong support level to confirm the breakout. BTC testing local supply |
Source: BTCUSDT chart on Tradingview
The $95,000 mark has proven to be a robust support level, offering a
foundation for Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin s current position. Holding above this level is a
positive sign, as it keeps the bullish structure intact and gradually weakens
the resistance at the $100K supply zone. This sets the stage for another
attempt to reclaim new highs.
Related Reading: Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin SoV Thesis Gains Traction – Metrics Reveal $1.03
Trillion Now Held On The Network
Market participants are closely watching the $100K level, as a successful
breach could trigger an aggressive rally, driving BTC into uncharted
territory. On the other hand, failing to break above this level in the near
term could lead to prolonged consolidation or even a retracement to retest
lower support levels. As sentiment remains cautiously optimistic, the next few
days will be pivotal in determining Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s short-term direction and the
broader market’s momentum.
Featured image from Dall-E, chart from TradingView
