Categories: Bitcoin

Bitcoin whales move record BTC value as indicator warns of price volatility

Bitcoin analysts are now watching short-term volatility as whales begin to show unprecedented behavior.

New data shows that in addition to being active in the market, whales are moving record amounts of BTC.

Whale activity peaks when prices are above $ 60,000

Although BTC price action is hovering in a narrow and unattractive range around $ 40,000, high volume Bitcoin investors remain calm.

In the past few weeks, whales have moved more than ever – even more as BTC hit highs of $ 60,000 and above.

In addition, transactions worth $ 10 million or more recently hit $ 10 billion.

“Whales move record numbers of bitcoins in 2 last week. The total volume transferred through the transaction is + $ 10 million continue to maintain the youngest ATH. It’s even higher when the price is $ 55-60,000. “

Further analysis of their actions shows that different species of whales show different reactions to recent price events.

follow data This week’s on-chain analysis of the material indicators shows that “smaller” whales were sold while the investor with the greatest volume added to their positions.

“Whales sold BTC, super whales bought, and purple whales followed with another buy order. When trying to understand these whale games, think about the thin liquidity they create to drive prices up. “

job of Bitcoin whale | Source: material indicators

There is no resistance between the current spot prices of $ 42,000 and $ 46,000 as BTC has been repeatedly rejected above $ 44,000.

Suspect Bitcoin “fast and volatility“under 40,000 won dollar

Meanwhile, Waldaten warn of possible price volatility.

The “whale ratio”, which shows the size of the top 10 inflows in relation to the rest, is approaching a level that has led to volatile price movements in the past.

“Normally we would consider this a short-term sale, but since Bitcoin is in key areas, we need to make sure the price stays above $ 40,000. Price movements below USD 40,000 can be quick and volatile, ”said on-chain analyst CryptoQuant comment on 09/28

Whale price table on the stock exchange Bitcoin | Source: CryptoQuant

It’s likely that if BTC loses support at $ 40,000, then $ 36,000 will be the ultimate floor.

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

Minh Anh

According to Cointelegraph

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

CoinX

Recent Posts

Bitcoin Spot ETF Inflows Reach $449M With BlackRock Leading

Key Points: Bitcoin Spot ETF Inflows totaled $449M, led by BlackRock’s $1.45B contribution. Ethereum Spot…

2 minutes ago

Best New Meme Coins to Join for 2025: BTFD Coin Leads, Popcat Keeps It Purr-fect, and Non-Playable Coin Hits Gamers Hard

Discover the Best New Meme Coins to Join for 2025. BTFD Coin's price rollback offers…

1 hour ago

Solana memecoins crash while DTX Exchange hits 100,000 TPS on layer-1 blockchain

Discover how DTX Exchange's historic achievement of 100,000 transactions per second on a layer-1 blockchain…

2 hours ago

Strategic Bitcoin Reserve Expected to Cut 35% of US National Debt by 2049

VanEck suggests the U.S. could reduce its national debt by 35% by 2050 through a…

2 hours ago

The New Lead of Presidential Crypto Council Appointed by Trump Is Bo Hines

President-elect Donald Trump named Bo Hines as the executive director of the presidential crypto council.

3 hours ago

Best New Meme Coins with 1000X Potential: BTFD Coin’s Hot BIG50 Discount As Baby Doge Coin, Dogs Takes Gaming to the Next Level

Explore the best new meme coins with 1000X potential. Learn how BTFD Coin leads with…

4 hours ago

This website uses cookies.