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BitcoinSistemi 2025-04-11 20:30:09

What Are Bitcoin (BTC) Whales Doing Right Now? In Previous Crises They Exited Before the Crash, Here’s What They’re Doing Now

Cryptocurrency analysis company CryptoQuant drew attention to whale behavior in its latest assessment of Bitcoin. The company argued that the current price movements are a correction within the long-term uptrend, noting that large investors (whales) have not yet exited the market. The company's analysis included the following statements: “BTC whales have not yet exited. These whales represent addresses that most accurately reflect actual trading behavior, excluding entities such as mining pools, exchanges, etc. Historically, this metric has shown a strong correlation with price movements.” CryptoQuant noted that if whales had exited the market at last year’s peak, the price would have been suppressed by profit realizations at local peaks and distribution behavior would have continued even during bullish attempts. However, he emphasized that the current situation does not support this scenario: “What's happening now? Reaccumulation. This behavior in particular is similar to the accumulation we saw during the sideways market period in August-September of last year.” Related News: Bitcoin Price Reached Above $84,000! What Caused the Rise? Here Are Liquidations and Things to Know The analysis recalled that whales had exited the market early in the past during sudden and unexpected crises (e.g. before the COVID crash in 2020), but it was noted that a similar distribution was not seen in the current situation. “There is no breakout this time. What we are seeing is a temporary pullback within an ongoing bull cycle, albeit a sharp correction.” The analysis recalled that whales had exited the market early in the past during sudden and unexpected crises (e.g. before the COVID crash in 2020), but it was noted that a similar distribution was not seen in the current situation. “There is no breakout this time. What we are seeing is a temporary pullback within an ongoing bull cycle, albeit a sharp correction.” The CryptoQuant analyst suggested that the current crisis could be a “structured” scenario and does not create a permanent structural disruption in the market: “This difference is important. There is a difference between sudden and uncertain crises and crises that are known in advance, perhaps even planned. This is the main factor that determines whale behavior. So I think my thesis still holds: This is not a real crisis, it is a controlled shakeout.” *This is not investment advice. Continue Reading: What Are Bitcoin (BTC) Whales Doing Right Now? In Previous Crises They Exited Before the Crash, Here’s What They’re Doing Now

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