Bitcoin news: strong movements of whales-does Bitcoin from the stock markets from the stock exchanges?
- Bitcoin whales pulled out 280 million BTC, which indicates long-term holding, while the number of new buyers increases and long-term investors remain careful.
- Bitcoin has to overcome the resistance at $ 86,000 in order to set the trend upwards, while drainage from ETFs and UNSTAKING further increase the downward risk.
A new round of Bitcoin-WAL activities has deducted over $ 280 million in Bitcoin from the large stock exchanges, which leads to speculation about the short-term direction of the asset. The shift, which is often seen as a step towards self-storage and long-term behavior, comes among the investors in the middle of increased market volatility and a mixed mood.
While increasingly first buyers are getting into the market, long -term investors seem to hesitate, and the technical indicators are still inconsistent on whether Bitcoin is ready to continue their rally. The course remains below the resistance level of $ 86,000, and external factors such as ETF inflows can affect the ability of the token to gain dynamics.
On April 17, on-chain data indicates a coordinated series by large Bitcoin withdrawals from Börsen. Galaxy Digital has deducted 554 BTC worth around $ 76.74 million from Binance and OKX.
Within 24 hours, many whales accumulated $BTC:
– #Galaxy_Digital withdrew 554 $BTC (~$76.74M) from #Okx and #Binance.
– #Abraxa_Capital withdrew 1,854 $BTC (~$157.26M) from #Binance and #Kraken.
– Whale 1MNqX withdrew 545.5 $BTC (~$45.5M) from #Coinbase.
– Whale 1BERu withdrew… pic.twitter.com/4LCMabzB3o— The Data Nerd (@OnchainDataNerd) April 17, 2025
Abraxas Capital withdrawn an even larger sum of 1,854 BTC worth around $ 157.26 million from Binance and octopuses. In addition, more than 1,080 BTC from Coinbase were deducted from two separate wallets, which corresponds to a total value of more than $ 90 million.
In one day, more than $ 280 million BTC were deducted from stock exchanges. Such transactions often indicate that the whales shift their stocks to a cold store. This can be interpreted as a signal for a lower short -term sales intention, which in turn reduces the available offer on the trading platforms and has the potential to push the price up.
New buyers are getting in-long-term investors withdraw
A report by Glassnode emphasizes an increase in Bitcoin first buyers. This increase in retail interest could support the short -term price growth. However, the activity of long-term investors tells a different story. Cohort-specific data based on RSI (relative strength index) show that Conviction Buyers and Profit Takers were active in the 4th quarter during the house, but their activity has decreased since February 25.
The Heatmap analysis of the past six months shows a stronger RSI activity of first buyers and loss sellers during the downturn, which reflects the behavior of newer market participants and those who sell in losses. These patterns indicate increased volatility and uncertainty, even if Bitcoin keeps its position over $ 80,000.
Technical analyzes of market observers indicate $ 86,000 as a critical resistance brand. As far as the TD sequential indicator is concerned, analyst Ali has found a recent purchase signal on the weekly chart what potential for an upward movement implies. Nevertheless, Bitcoin has had a hard time closing above this level so that the trend was not confirmed consistently.
Other market signals are still reserved. The ETF inflows in Bitcoin have slowed down, which indicates cooling of institutional demand. At the same time, the Lookonchain data show that more than $ 1.26 billion have been deducted from Babylon in BTC. If a fraction of this capital flows back to the stock exchanges, this could lead to a further sale and a challenge for the bulls.
Upward trend requires overcoming the resistance and trust of the market
But you cannot say that the future of Bitcoin is rosy when you are oriented towards the whales. The limited offer, the new wave of the purchase interest of retailers and the technical data can support the course trend, but a significant exceeding of $ 86,000 will be required.
The market analysts are now excited to see whether the trust of the investors can be restored or whether certain levels can be maintained. As long as these circumstances do not change, Bitcoin remains susceptible to consolidation and waits for basic influences, which are specified by the elements of the spot and institutional markets.
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