Recent data indicates that the activity of large investors, known as whales, played a crucial role in Bitcoin's trend reversal. From April 19 to 25, Bitcoin's price rose nearly 10%.
Role of Whale Activity in Bitcoin Growth
Since April 21, Bitcoin has shown clear signs of a trend reversal, with whale buying on Binance consistently preceding price increases. Additionally, U.S. whale activity on Coinbase contributed to the growing bullish sentiment, with the Coinbase Premium Gap signaling strong demand.
Coinbase Premium Gap Stability
From April 21, the Coinbase Premium Gap formed a positive trend line, indicating sustained interest from U.S. investors. Even as Bitcoin traded between $92,000 and $94,000, the gap supported a resilient demand trend.
Bitcoin's Future Amid Volatility Risks
While Bitcoin's swift rise faces natural volatility risks, the consistent premium readings suggest that buying pressure could support the next upward leg. This indicates a positive correlation between premium movements and price actions.
Thus, whale activity and the stability of the Coinbase Premium Gap highlight strong investor interest, creating favorable conditions for Bitcoin's future growth.
