Among the prices of Bitcoin (BTC), market whales are looking for more than 1,000 units, reinvigorating the shopping trend for this asset. This is a confirmed on-chain of GlassNode Research Company, published on Thursday, April 24th.
“The whales have returned with all their strength,” Glassnode says. Therefore, these actors They will take part in the strategy of investors who have 10,000 BTCtends to accumulate bitcoin for a month.
This is indicated by the metric that was called “Accumulation trend score based on investment scale”assigns colors and values according to the Bitcoin holder’s purchase or sales behavior.
On a scale of 0 to 1, the highest level of blue color is the tendency for investors to buy more strongly, while the lowest red color indicates that a shortage of sales or purchases is dominant. Meanwhile, the midpoint reflects the low intensity of such movements.
According to this tool, Wallets with over 10,000 BTC have accumulation levels of around 0.9. This is the best of all groups. Then investors from 1,000 to 10,000 BTC will follow with an accumulation of 0.7.
At the same time, investors between 100 and 1,000 BTC reduce sales pressure and pass from 0 to an average score of 0.5, as shown in the following graph.
Unlike the rest, investors with a BTC of less than 100 continue at a reddish level close to zero. this is Sustainable sales trends or lack of accumulation Among these actors.
Bitcoin rebounded at the maximum price in two months
Renewed interest on the part of the whales coincides with the rise in Bitcoin, which cited USD 94,000 yesterday, at its highest price in almost two months. This has resulted in 109,000 being registered, 11% of the historic maximum registered at the end of January.
The rise in Bitcoin was driven by a combination of macroeconomic and geopolitical factors. As reported by Cryptootics, US President Donald Trump proceeded with the conversation to negotiate a tariff contract.
Trump’s mildest approach in commercial relations has contributed to stock markets and cryptocurrency rebounds, said Carolina Gama, country manager at Argentina’s Exchange Bitget.
Furthermore, amidst economic uncertainty, The “active shelter” story gains strength Before the capital of assets was called by dollars. “Bitcoin and gold will appear as the main beneficiaries of this new moment of redistribution of this new global investment,” the specialist said.
In this context, the re-activation of whales’ purchasing pressure reflects the reconstruction of their upward sensation. This change will boost the possibility that Bitcoin prices will remain rising, but the development of a macroeconomic environment will not alienate them.
(tagstotranslate) Analysis and research
