Bitcoin: Retail floods in, but it’s whale silence that you need to look at
Main Idea
Bitcoin shows signs of strength as retail activity increases and whales remain steady, with significant BTC inflows and outflows indicating potential accumulation before a price move.
Key Points
1. Over 60,000 BTC flowed into exchanges this week, but net outflows surged to around 29,000 BTC, indicating market resilience.
2. Exchange reserves fell to a fresh low, suggesting long-term holders are holding steady.
3. Retail traders are increasingly active, while whales remain calm, pointing to potential accumulation before a price move.
4. The market absorbed a large injection of supply without losing key price levels, signaling strength.
5. The article highlights Bitcoin's current dynamics but does not provide conclusive predictions about future price movements.
Description
The market may be consolidating, but the lack of whale panic points to bullish intent.
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