The latest data shows that the number of Bitcoin (BTC) addresses, with accounts holding between 1,000-10,000 BTC, has decreased significantly over the past three months. Despite large BTC holders selling, market indicators continue to trend upwards, suggesting that the price rally could continue.
Leading crypto analyst Ali recently noted that some big Bitcoin whales sold a total of 10,000 BTC worth around $600 million. Over the past week, Bitcoin (BTC) has gained more than 6%, according to CoinMarketCap data, and has gained over 4% in the past 24 hours. However, during this rally, large BTC holders chose to liquidate significant amounts of their assets. This move came at a time when BTC’s trading price was around $61,298.02 and its market cap exceeded $1.2 trillion.
COINOTAG’s research has revealed that the number of wallets holding 1,000-10,000 BTC has decreased significantly in the last three months. Crypto analyst Ali confirmed this data in a recent tweet. This liquidation by large holders indicates a decreasing trust among whales and the expectation of a potential price drop. Despite this, the general market sentiment remains bullish. It is also noted that Bitcoin’s exchange reserves have fallen to levels not seen since 2018, highlighting the increasing buying pressure.
Various market metrics support the bullish trend for Bitcoin. According to CryptoQuant data, BTC’s Adjusted Output Profit Ratio (aSORP) is currently in the green, indicating that more traders are selling at a loss. This is often seen as a market bottom during bear market periods. Furthermore, the Binary Coin Days Destroyed (CDD) metric suggests that long-term Bitcoin holders are moving less, supporting bullish sentiment.
Additional analysis from Glassnode reveals that BTC has seen a decline in its Network Value to Transactions (NVT) ratio, which is typically a sign that an asset is undervalued. This, coupled with the bullish trends in technical indicators such as the Relative Strength Index (RSI) and Money Flow Index (MFI), reinforces that price gains could continue. However, the Chaikin Money Flow (CMF) is showing a slight decline, suggesting that short-term volatility is possible.
FOR THE GIFT OF 10 DOLLARS PLEASE READ CAREFULLY.
My friends, you know that we, the publishers, are doing everything we can for you here. We are conveying to you the services and conveniences that our authorities have provided us. I have never withdrawn my support for both the cryptocurrency market and you, and on the contrary, I am trying to provide more support.
THIS 10 DOLLAR GIFT CAMPAIGN IS A CAMPAIGN MADE ESPECIALLY FOR ME BY BINACE. YOU CAN GET CONFIRMATION OF WHAT I HAVE SAID ABOUT THIS ISSUE BY CALLING LIVE HELP. IT IS A 10 DOLLAR CAMPAIGN MADE FOR YOU THROUGH ME.
Now I will explain how you will receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.
So who can benefit?
Our friends who have not yet activated the futures section, when you activate your FUTURES transaction section, you will earn $10 when you open it by entering my 88623008 reference code.
I EXPLAIN IN DETAILED.
My brothers and sisters who have become Binance members without a reference, please listen carefully;
When you do what I say in order, you will receive 10 USDT.
Go to the Futures Section from your application,
On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,
My brothers and sisters who want to complete this transaction and receive the 10 USDT reward until MAY 1 can do so. Afterwards, after activating your account, it is enough to open your first futures transaction.
The first 1,000 brothers who open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
So let me give you a tactic like this; even if you open and close 20x with a $5 transaction, you will be entitled to the reward.
Even if you do this after May 1st, your reward will not come. So, do it until May 1st. In fact, I would say do it right now in 5 seconds.
It's very simple. Go to futures, enter my 88623008 referral code and activate the account. Then just open a transaction of 200 usdt in total and get the 10 usdt reward.
WHEN WILL THE REWARD COME?
Your $10 reward will come to the REWARDS section of your Binance application within 30 days from May 1. By activating it from there, you can use your $10 reward, or more than 300 lira, in futures transactions.
You can share this post with your friends in need so that they can also benefit from it.
IN THE MEANWHILE, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. EVEN IF YOU HAVEN'T FOLLOWED US YET, DON'T FORGET TO FOLLOW US. WITH MY REGARDS.