In recent days, Bitcoin and Ethereum are showing signs of recovery after a sharp sell-off. Data analysis reveals various tendencies in trader behavior.
Overall Market Dynamics
Bitcoin and Ether are trying to regain lost price ranges after the sharp sell-off over the weekend. Bitcoin has risen 2.4% from a low of $108,665, while Ethereum improved by 8.26%, reaching a high of $4,663.
Retail vs. Institutional Traders
Data shows that retail traders are actively purchasing Bitcoin during price drops, however, pressure from larger investors is preventing a solid price recovery. Retail traders typically accumulate positions, while whale and institutional traders are net sellers.
Forecasts and Liquidations
Liquidation data indicates that Bitcoin is absorbing bids in the $111,000-$110,000 range. Although a drop to the $104,000 level seems unlikely, the ongoing pressure from larger sellers is creating a burden on BTC price.
The analysis of current market trends shows diverse actions among traders. Retail traders aim to support Bitcoin's price, yet large players may exert significant influence on the overall dynamic.
