The tracking of traditional whale addresses has failed. Now, the "whale discrete addresses" that are hidden behind and do not move much are one of the real main forces in the market in the long run.

#BTC

Current market conditions: Rebounded from the low point in early 2024, it is currently consolidating at a high level. The inflow of whale addresses increased (blue area upward), showing market support.

Medium-term outlook: Whales accumulate Bitcoin, the market may remain high, and there is no sign of early bear market selling for the time being

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Historical comparison:

Red is buying, green is selling.

1. The big rise in early 2021:

BTC price: rose from about $20,000 to about $60,000.

Whale behavior: A large inflow of whale addresses (blue area upward) pushed the market up

2. The mid-2021 crash:

BTC price: fell from about $60,000 to about $30,000.

Whale behavior: A large amount of outflow from whale addresses (blue area downwards), leading to increased market selling pressure

3. A sharp rise in September-early October 2021:

BTC price: rose from about $45,000 to about $60,000.

Whale behavior: A large amount of inflow from whale addresses again formed support.

4. As for the surge performance from the end of 2022 to 2023, I will not elaborate on it here.