Bitcoin continues its upward movement, and analysts are increasingly confident that the current bullish trend can continue. One of the key factors in this confidence is the behavior of large and "smart" capitals, which, apparently, have not yet begun an active distribution phase. This means that the market is still set for growth, and even cautious investors may pay attention to what is happening.
Major players hold their positions
Analyzing the data of wallets with a balance of more than 100 BTC, it can be noted that their number remains stable. This indicates that large investors, such as institutional players and whales, are not leaving their positions yet. Such behavior of large capital often foreshadows the continuation of the trend, as they prefer to keep their assets while they are confident in further market growth.
VDD shows decline in activity among older whales
Another interesting signal is a low Value Days Destroyed (VDD) indicator, which measures the activity of long-term Bitcoin holders. Low VDD values indicate that old whales remain inactive, not making significant sales. When large-volume holders are in no hurry to exit, it indicates their confidence in further growth and stability of the market.
Prospects for continuation of the bullish trend
Given the above data, it can be assumed that Bitcoin is on a steady growth wave. Large players not only hold their positions, but also show no signs of exiting. At the same time, low activity of old addresses indicates a lack of selling pressure, which creates additional conditions for the upward trend to continue.
Conclusion
The support from the major players and their strategy to hold Bitcoin signal a possible continuation of the bullish trend. It is important to watch these indicators as they help determine the overall sentiment in the market.
