After a period of increased fluctuations due to a wider market collapse, Bitcoin appears to be a bullish path as prices continue to stick to a brand of $ 102,000. BTC may explain the possibility of a noticeable recovery, but negative feelings still exist between Bitcoin holders.
Huge sales between 10-100 bitcoin holders
while Bitcoin movements Towards a positive direction again, holders of 10-100 BTC empty their holdings on a large scale. Axel Adler Junior, technical expert and author, I mentioned The disturbing shift in the feelings of investors in the X Publication, which sparked uncertainty about the sustainability of BTC prices.
The data on the series shows that the balance of wallets containing 10-100 BTC has decreased steadily for nearly two years. The continuous sale process through this regiment may be seen as attracting profits or re -setting the strategy as BTC builds momentum to upgrade.
In June 2023, the balance of these investors reached 3.2 million BTC. However, the volume decreased significantly by more than 600000 BTC, up to 2.6 million BTC. At the same time, the average size of this group of Pisces investors It is 3.15 million BTC.
The expert highlighted that investors were spending amounts ranging from one million dollars to 10 million dollars since the declining direction. As a result, a large number of real millionaires have been created on the market over the past six months.
Historically, the behavior of big investors tends to influence the BTC price track and stability. Although bitcoin A little recoveryA long sale by these investors may impede the increasing momentum, causing withdrawal towards the main support levels.
During the last decline caused by a greater decline in the market, the total bid of BTC increased in the loss sharply. Axel Adler specific The decrease in this bitcoin led to the level of the price of $ 98,000 to a significant increase in the total BTC supplies in the loss to about 2 million.
This increase coincides with the investor’s concerns about the open version of the source to solve Deepseek and the assessments of the enlarged artificial intelligence company (AI). With the circulation of 2 million BTC now less than the cost of purchase, development may indicate an increase in the risk of selling assets.
However, the total in the loss has now decreased to 738,000 BTC As the prices move slowly up, which are in line with the semester average of this indicator. The decline shows that the market has settled and the number has returned to normal.
The price of BTC, which faces declining pressure
to examine The last basic procedure for BTCIt seems that the main assets are looking for a standardization stage as they hover between $ 103,000 and 100,000 dollars. This movement is fueled by increased declining pressure and the decline in investor feelings, which increases the possibility of an extended unification phase.
With the installation of negative pressure, bitcoin is traded with a little 102,500 dollars, indicating a daily decrease of approximately 3 %. The BTC decrease raised the sales activity among investors, which was killed by a decrease in Trading More than 44 % last day.
Distinctive image from Unsplash, Chart from TradingView.com
