Over the weekend, cryptocurrencies faced strong selling pressure, yet the market exhibited resilience. This was impacted by geopolitical tensions and macroeconomic fluctuations.
Why Aren’t Cryptocurrencies Dropping?
Perceptions of the market have shifted: cryptocurrencies continue to maintain their value even amidst significant sell-offs and negative news. Long-term investors, according to analysts, are still profiting, which helps sustain prices.
CITE_NA: "Bitcoin brushed off the weekend’s selling wave as if nothing happened."
The Awakening of Crypto Whales
Recently, we have noticed significant activity from whale wallets that had been inactive for over a decade. This could be due to reaching new price highs, attracting long-term investors and creating market dynamics. It is expected that many of these investors, along with governmental and institutional players, will start realizing their profits, which may lead to more volatile conditions.
New Challenges for the Market
The cryptocurrency market is becoming increasingly dependent on the actions of major players, and individual investors may have less noticeable impact on price fluctuations. In the future, more stable and mature trends are expected, which can help avoid excessive volatility.
Despite volatility and geopolitical tensions, the resilience of cryptocurrencies remains a key factor bolstering investor confidence and market stability.
