BTC Price Holds $105,000 as Whale Activity Hits One-Year Low
In the past 24 hours, the price of Bitcoin (BTC) has risen by 3 %. Nevertheless, despite two major development, the rally is relatively cumbersome: SEC has canceled the SAB 121 policy, allowing banks to monitor cryptocurrencies, while Trump created digital assets based on administrative orders.
The 7 -day MVRV shows that the space of short -term growth is larger, and the level of whale movement has dropped to a minimum level in the year, which indicates that the potential transformation of large holdings. Because the BTC EMA cable reflects the bullish mood, it shows signs of consolidation. The market is facing a decisive moment when the market is testing a new high point or retreat to the key support level.
The MVRV ratio shows more growth space
The ratio of 7 -day MVRV (market value to realized value) Bitcoin At present, after the stability of the past two days is close to 0 %, it is currently 0.85 %. This indicator measures the average profit or loss of BTC holders who has acquired coins in the past seven days.
MVRV positive proportions show that the recent holders are average profit, while negative ratio indicates unrealized losses. The migration of recently entering a positive field shows that the market sentiment between short -term holders is turning to profitability, reflecting the potential rise in momentum.
Historical trends show that Bitcoin’s 7D MVRV ratio usually rises to about 5-6 % before experiencing major price corrections. This indicates BTC Historically, there is more short -term growth space in history before encountering resistance or sales pressure.
This indicator currently 0.85 % indicates that the market is far from excessive expansion. Before reaching a typical profit threshold, there is sufficient space to increase.
Bitcoin whale reached the lowest level in one year
quantity Bitcoin whale -The wallet holding at least 1,000 BTC-from 2,067 on January 20 to 2,039 on January 23, reaching the lowest level since January 30, 2024.
Whale activities are key indicators to watch, because these large holders usually decide to affect market trends through a large number of trading and selling. Recent decline shows that the strategy of the main BTC holder has changed, even if SEC revokes the SAB 121 policy, allowing banks to monitor cryptocurrenciesEssence
This decline may reflect more details about the Trump administration’s expected execution commands related to Bitcoin. Or, now some whales may rotate their capital to other assets BTC Stability is more than $ 100,000.
“Last year, the number of Bitcoin held by long -term holders decreased by 1.5 million BTC (approximately $ 150 billion). Since the Trump’s November election, their sales have accelerated. Since then, 500,000 BTCs (500,000 BTCs ( About 50 billion US dollars) left the address of the long -term holder. Start selling. “
BTC price forecast: Will it stay above $ 100,000?
The EMA line of Bitcoin is currently optimistic. The short -term line is located on the long -term line, but they lack the upward movement that the market may be entering the merger stage.
“The combination of institutions and short -term speculators has driven demand. Onchain data shows that the number of bitcoin held by addresses held by addresses held since 2022. This shows that high speculative activities and traders control market dynamics. From the perspective of institutions, Trump’s defi The agreement of “World Free Finance” purchased more than $ 47 million in Ethereum packaging Bitcoin, and ETH, as well as ETH, ghostAnd other token. It is unclear what the plans for these assets are, but it seems that the world’s free finance may become an increasingly related participant in the field. “Outumuro added.
If Bitcoin restores a strong upward trend, it may test resistance at a price of $ 108,561, and breakthroughs exceeding this level may cause BTC to reach $ 110,000 for the first time. This may be immediately caused after more details about related details Digital asset inventory No.
However, if the trend reverses, and Bitcoin price Entering a downward trend, it may be tested at a price of $ 99,486. If it supports damage, the potential will be reduced to about $ 95,800.
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