"No chance of falling"...Whale buying price proves strong Bitcoin support level

▲ Bitcoin (BTC) whale

Bitcoin (BTC) whales are continuing their record-breaking accumulation at current price levels, emerging as a powerful catalyst for a price surge that exacerbates the market's supply shortage.

According to crypto media outlet Cointelegraph on April 25 (local time), the number of transactions by Bitcoin whales holding over 1,000 BTC has recently surged, raising expectations for a return to a bull market. On-chain data analysis firm Santiment analyzed that large investors are continuously accumulating assets regardless of price volatility.

The market sentiment indicator, the Fear & Greed Index, is also showing noticeable improvement. Social sentiment towards Bitcoin has rapidly shifted to optimism, and energy for an upward breakout is quickly condensing. Major technical indicators such as the Relative Strength Index (RSI) also maintain a solid trend without signs of overheating, signaling ample room for further upside.

As the movement of Bitcoin out of exchanges accelerates, the supply squeeze phenomenon in the market is further intensifying. In a situation where the circulating supply is decreasing, institutional investors' demand is exploding, forming strong upward pressure. This supply shortage acts as a robust defense mechanism, with whales' accumulation prices solidly supporting the bottom even during price declines.

The inflow of institutional funds through Ethereum spot ETFs and Bitcoin spot ETFs is also a key factor in increasing market confidence. The accumulation activities of whales are interpreted as a conviction for long-term value appreciation, beyond mere speculation. The inflow of large-scale capital is strengthening the fundamentals of the cryptocurrency market and driving a new price formation stage.

The movements of whales have now become a decisive indicator that calms market volatility and draws an upward curve. At the current juncture, where the imbalance between supply and demand is maximized, the actions of large investors are expected to determine the direction of the entire market.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*