Recent metrics reveal significant changes in Bitcoin holder activity. Whales are increasing their acquisitions while small investors are selling off.
Small Investors and Whales Activity
According to the latest metrics, small token holders are showing signs of panic amid the current market downturn. Their distribution score has fallen below 0.2, indicating sales at a loss. Meanwhile, whale holders of 10,000 BTC and more are heightening their buying activity during the correction period, supporting the market.
Market Situation and Its Impact
Whales' strategy may create stability in the broader cryptocurrency market, reducing the risk of sharp price declines. However, this does not eliminate the possibility of price fluctuations, particularly if overall investor sentiment does not improve.
Bitcoin Price Updates
Today, Bitcoin is showing signs of recovery, reaching $84,862, up 0.9% over the past 24 hours. However, it faces pressure from inflation and global trade tensions. Momentum may continue if BTC surpasses the $86,000 resistance zone, opening the way to $88,000 levels.
Whales' support could lay the groundwork for a more stable market despite ongoing price fluctuations. The focus is now on whether the $86,000 resistance can be surpassed.
