Recent data from CryptoQuant indicates possible price growth for Bitcoin, based on changes in the behavior of large investors.
Changes in Selling Pressure from Whales
According to CryptoQuant's analysis, there has been a decrease in selling pressure from major Bitcoin holders in the U.S. This suggests that a significant amount of BTC is being held rather than liquidated, which could positively affect prices.
Buying Activity in the Market
Alongside the decrease in selling pressure, there is a strong interest from large buyers. The increasing demand for Bitcoin is likely tied to recent regulatory changes and investor views of cryptocurrency as a safe-haven asset.
Consolidation and Its Impact on Bitcoin Price
Bitcoin is in a consolidation phase, which indicates price stabilization after a period of active growth. This stage is necessary to clear out short-term traders and establish new support levels. While short-term pullbacks may occur, experts believe this process only strengthens the long-term trend.
Based on CryptoQuant's analysis, Bitcoin is expected to continue showing positive price trends, with the current consolidation phase likely being a temporary pause prior to further growth.
