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BitcoinSistemi 2025-05-29 12:43:08

While Bitcoin is in a Narrow Range, Whales' Behavior is Changing Remarkably! Here Are the Details

While the Bitcoin price has been trading sideways in a narrow range between $107,000 and $109,000, on-chain data reveals a notable shift in the behavior of “whales,” some of the largest and most influential participants in the market. Are Bitcoin Whales Signaling a Peak? According to the data, large investors may have moved from the accumulation phase to the distribution phase. The Accumulation Trend Score provided by Glassnode further illustrates this trend. This metric measures the accumulation power of investors based on the size of wallets and BTC purchases made in the last 15 days. Values close to 1 indicate strong buying, while values close to 0 indicate a selling trend. A more robust data set is obtained by excluding exchange and miner wallets from the analysis. The score of whales with assets of 10,000 BTC and above in this metric has currently dropped to 0.4. This level shows that whales have started to take sell positions after the aggressive buying levels of $75,000 in April. Other wallet categories are still in accumulation mode. This strategic change in direction by whales may be due to their desire to take profits or to take a more cautious stance on short-term price movements. Another indicator of this change comes from exchange flow data. While whales have been showing a positive picture over the last month, showing that they have not sold by withdrawing BTC from their wallets to exchanges, they have been seen to have deposited BTC back into exchanges in two of the last three days. This movement is generally known as a pattern observed before the sale. In light of these developments, Bitcoin continues to trade very close to its all-time highs, but whale behavior reinforces signals that the market could be entering a correction phase. *This is not investment advice. Continue Reading: While Bitcoin is in a Narrow Range, Whales' Behavior is Changing Remarkably! Here Are the Details

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