ecent on-chain data analysis, highlights growing demand in investment from new Bitcoin whales, with investments reaching $100 billion dollars. This signals that new interest and investors are getting into the bitcoin market.
Whale Investment Surge
According to CryptoQuant, Over the past 3 months only there has been approximately $108 billion dollars invested in bitcoin by new whales. To put things into perspective, this is a 13x more than in 2021. Which accounts to 48.8% of BTC’s total realizedd caps which is $113 billionn dollars that old whales are currently holding.
On-Chain Metrics
Furthermore, Active Bitcoin addresses have broken an 11-month downtrend, indicating a growing organic network. On the other hand, the open interest on the futures market is showing signs of increase speculation, which usually leads to market volatility.
Market Sentiment
According to analysts, Understanding short-term sentiment is crucial fir understanding price action. Currently, the short-terms holder supply is trending higher with a ratio of 1.2.
Market Transformation Amid Speculation
Despite the bullish spike in new whale investment and active addresses the market experiences, speculation and macro uncertainties which is having a lot of pressure on the market and causing selling pressure.
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