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Headline: Bitcoin On-Chain Alert: Sharks Accumulating at 2012 Velocity 🦈
Recent Glassnode data reveals a fascinating divergence in the $BTC market. While retail sentiment remains shaky, "Shark" addresses (100–1,000 BTC) have added approximately 54,000 BTC to their holdings in just the last 7 days.
The Data Breakdown:
Fastest Pace in 13 Years: This cohort is buying at a rate we haven't seen since the early cycles of 2012.
Absorbing the Sell-off: These mid-tier whales are effectively absorbing the supply being dumped by smaller retail holders and larger "OG" whales (10k+ BTC).
Price Context: This is happening with Bitcoin trading near the $85,000 support level—a 30% drawdown from its $126,200 peak.
My Analysis:
History shows that when Sharks buy this aggressively during a drawdown, they are front-running institutional demand. While large "OG" whales are still distributing, the Shark accumulation provides a strong floor.
Watch for: A reclaim of the $90,000 level to confirm the next leg of upward momentum.
#BTC #Bitcoin #OnChainAnalysis #TradingStrategy #BinanceSquare
Recent Glassnode data reveals a fascinating divergence in the $BTC market. While retail sentiment remains shaky, "Shark" addresses (100–1,000 BTC) have added approximately 54,000 BTC to their holdings in just the last 7 days.
The Data Breakdown:
Fastest Pace in 13 Years: This cohort is buying at a rate we haven't seen since the early cycles of 2012.
Absorbing the Sell-off: These mid-tier whales are effectively absorbing the supply being dumped by smaller retail holders and larger "OG" whales (10k+ BTC).
Price Context: This is happening with Bitcoin trading near the $85,000 support level—a 30% drawdown from its $126,200 peak.
My Analysis:
History shows that when Sharks buy this aggressively during a drawdown, they are front-running institutional demand. While large "OG" whales are still distributing, the Shark accumulation provides a strong floor.
Watch for: A reclaim of the $90,000 level to confirm the next leg of upward momentum.
#BTC #Bitcoin #OnChainAnalysis #TradingStrategy #BinanceSquare
$BTC continues to exhibit volatility, with recent rallies encountering significant selling pressure near the intra-day range highs. This persistent resistance suggests that traders are cautious, particularly in light of macroeconomic factors influencing the broader financial landscape.
Market analysts are closely monitoring the implications of potential interest rate cuts from the Bank of Japan, which could further exacerbate downward trends not only for $BTC but also for various altcoins. The anticipation of these monetary policy adjustments may create a ripple effect across the cryptocurrency market, prompting investors to reassess their positions.
While $BTC remains a focal point, other cryptocurrencies are also feeling the impact of this uncertainty. Investors are advised to stay vigilant as market dynamics shift, particularly with the backdrop of traditional financial movements influencing crypto valuations.
#BTC☀️ C Price Analysis#BinanceBlockchainWeek #Macro Insights# #CMC
Market analysts are closely monitoring the implications of potential interest rate cuts from the Bank of Japan, which could further exacerbate downward trends not only for $BTC but also for various altcoins. The anticipation of these monetary policy adjustments may create a ripple effect across the cryptocurrency market, prompting investors to reassess their positions.
While $BTC remains a focal point, other cryptocurrencies are also feeling the impact of this uncertainty. Investors are advised to stay vigilant as market dynamics shift, particularly with the backdrop of traditional financial movements influencing crypto valuations.
#BTC☀️ C Price Analysis#BinanceBlockchainWeek #Macro Insights# #CMC
Short-term $BTC holders may be under pressure right now, but this market is famous for flipping direction in a heartbeat.
#MacroInsights #BinanceHODLerMorpho $zec #BTCPriceForecast #Bitcoi
#MacroInsights #BinanceHODLerMorpho $zec #BTCPriceForecast #Bitcoi
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