English | Español | Français
Market Cap: $ 3.44 T 24h Vol: $ 117.85 B BTC Share: 61.73%
BTCNEWS
  • Bitcoin
  • ETF
  • Prices
  • Exchanges
  • Glossary
bitcoinBTC/USD
$ 106,429.52 0.82%
No Result
View All Result
BTCNEWS
  • Bitcoin
  • ETF
  • Prices
  • Exchanges
  • Glossary
BTCNEWS
No Result
View All Result
Home Latest

Bitcoin Whales Making a Comeback: But is it a Potential Pitfall for Other Investors?

Unraveling the Mystery: Fast Accumulation Patterns and Bitcoin's Brief Decline

Mark Valerius by Mark Valerius
January 28, 2025
Share on FacebookShare on Twitter

Key Points

  • The number of bullish derivative accounts on Bitcoin (BTC) saw a significant increase in the last 24 hours.
  • Whale traders’ buying activities have contributed to BTC’s recent price surge.

Bitcoin (BTC) has seen a notable spike in the number of bullish derivative accounts in the last 24 hours, leading to a shift in market sentiment.

After establishing a low of $97,777.77 the previous day, Bitcoin’s price gained momentum, rising by 4.73% to its current price of $102,985.

Retail Investors Take Advantage of Dip

The recent surge in Bitcoin’s price can be attributed to retail investors who saw the dip as a buying opportunity. Analysis of retail activities on the derivative and spot markets shows that these could further impact Bitcoin’s price.

In the derivatives market, there has been a significant increase in bullish account positions. According to Hyblock’s True Retail Longs Account, long positions on Bitcoin jumped from 49.88% to 62.08% within 24 hours.

Whales Dominate Buying Activities

Large investors, known as whales, bought a significant amount of Bitcoin as the price corrected below $100,000 in the last 24 hours. Data from IntoTheBlock shows that over 675,000 Bitcoin worth $67.82 billion were traded during this period, with whales’ buying activities dominating selling activities.

The BTC exchange netflow, which tracks asset movement in and out of exchanges, showed more outflows than inflows. A total of 322 Bitcoin were moved from exchanges to private wallets for long-term holding, a 78.49% increase from the previous day’s exchange netflow.

However, much of this Bitcoin remains on exchanges, suggesting the potential for profit-taking, which could trigger another price drop.

Correlation with Stock Market

Analysis on CryptoQuant shows a growing correlation between Bitcoin and the U.S. S&P 500, as both assets’ market movements continue to align. This correlation comes during a period of high institutional interest and adoption, suggesting investors may view them similarly. This could impact Bitcoin as it becomes more responsive to U.S. economic activities.

Investors should consider this factor when deciding to invest in Bitcoin.

Tags: Bitcoin (BTC)

Related News

bitcoin debate

Core Developers Are ‘Risk To Bitcoin’ In Governance Battle, Says JAN3 CEO Samson Mow

June 10, 2025
Interview with 0G Labs’ Michael Heinrich on The Convergence of AI and web3

Interview with 0G Labs’ Michael Heinrich on The Convergence of AI and web3

June 10, 2025
market libra

Argentine President Cleared Of Ethics Violations In $4.5 Billion LIBRA Crash

June 10, 2025
ripple

Ripple Bets Big On Japan: $200K Partnership Grants Signal Major Asian Expansion

June 10, 2025
bitcoin
Bitcoin (BTC)
Rank: 1
$ 106,429.52
Price (BTC)
Ƀ1.00000000
Marketcap
$ 2.12 T
Volume
$ 33.04 B
24h Change
0.82%
Total Supply
19.88 M BTC

  • About Us
  • Contact
  • Advertise
X-twitter Telegram Facebook Instagram Youtube Medium Linkedin

Information you can trust

BTCNews.com provides Bitcoin news and other cryptocurrency news, reaching millions of crypto enthusiasts daily.

It offers comprehensive coverage of business, financial, and international news related to digital assets.

Serving professionals through digital platforms, industry conferences, and direct updates, BTCNews.com is a premier provider of blockchain and crypto news.

Disclaimer: The information provided by BTCNews.com is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency investments are highly volatile and involve significant risks.

Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. BTCNews.com is not responsible for any losses incurred due to the use of information provided on this site.

  • © 2008 - 2024 BTCNews.com
  • Terms of Use
  • Privacy
  • Cookies
No Result
View All Result
  • Market
    • Crypto Prices
    • Crypto Exchanges
  • Learn
    • Glossary
  • News
    • Latest

© 2008 - 2024 BTCNews.com