Big Investors Buy BTC as Market Eyes Bullish Shift
At a Glance
Large institutional investors such as Grayscale, Fidelity, and Ark Invest have purchased over 2,000 Bitcoin (BTC) in the past 24 hours. These acquisitions come despite stagnant price movements and suggest a potential upward trend. On-chain data indicates that the market is currently at a critical juncture. The Bitcoin price is approaching a key level that could be crucial for a sustained recovery.
Institutional Investors Betting on Bitcoin
In a cautious market environment, three of the largest institutional investors – Grayscale, Fidelity, and Ark Invest – have significantly increased their Bitcoin holdings. According to data from Arkham Intelligence, at least 2,099 BTC were purchased. Such purchases by so-called “whales” (large investors) are considered a strong indicator of upcoming price increases. Notably, these investments are being made despite economic uncertainties and geopolitical tensions.
Key Price Level in Focus
A central indicator for short-term market development is the “Realized Price” of short-term BTC holders, which currently stands at 90,570 USD. The current Bitcoin price is around 84,580 USD. If BTC reclaims this level, it could be seen as confirmation of a bullish market phase. At present, the price is trending in that direction.
Profitable Selling – But Limited
The “Adjusted Spent Output Profit Ratio” (aSOPR) shows that many investors are currently selling at a profit. This could lead to short-term selling pressure. However, the “Net Unrealized Profit/Loss” (NUPL) indicates that only a small portion of investors are currently in profit. The NUPL stands at 0.4 – a sign that the potential for further profit-taking is limited. This could soon ease selling pressure.
Balanced Sentiment Among Large Investors
Another important signal comes from the ratio of bullish to bearish large investors – the so-called Bull-Bear Ratio. Currently, 17 bulls face 18 bears. This nearly balanced ratio shows that market sentiment is stabilizing. Should the bulls gain the upper hand, it could pave the way for a sustainable upward trend.
Our Assessment
Current on-chain data suggests a possible trend reversal for Bitcoin. The purchases by large institutional investors are a strong signal of confidence in the market. At the same time, technical indicators show that selling pressure is easing and market sentiment is improving. If Bitcoin surpasses the 90,570 USD price level, it could trigger a new upward movement. Now is a good time for investors to closely monitor the market.
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| Symbol | BTC |
| Coin type | Alt Coin |
| Transaction Speed | Slow |
| Pros |
|
| Cons |
|
| Further practical applications | |
| Price | $83,998.00 |
| 24h % | 1.57 % |
| 7d % | 0.05 % |
| 30d % | -6.99 % |
| 60d % | -17.66 % |
| 1y % | 23.99 % |
| Market Cap | $1,667,167,884,043.00 |
| Max. Supply | 21,000,000.00 |
| Official Links | Website | Whitepaper | Source Code |
| Socials | Reddit | X | Message Board |
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