Cryptos -related derivative products recorded $ 3.3 billion in net entries in one week, confirming the enthusiasm of investors. And since the start of the year, more than $ 10 billion has been invested in these products, mainly in Bitcoin. The BTC validated a seventh consecutive week in the green, but the course has trouble staying beyond $ 110,000. In addition, since the BTC marked an ATH, the Whales which have more than 10,000 BTCs in the portfolio have changed their behavior. We take stock of the bulletin of the day!
Bitcoin prices increases by 3 % in a week
Despite the Slight drop over the last 24 hoursthe price of Bitcoin has an increase in 3 % in a weekmore than 15 % in a month and 22 % in three months. The BTC has been in green against the dollar for six months: pair 1h 24h 7d 1m 3m 6m 6m
BTC/ETH
-0.32%
-0.73%
2.28%
-18.72%
18.72%
59.45%
BTC/USDT -0.03% -0.67% 3.03% 15.68% 22.36% 13.94% Bitcoin performance against different pairs. Source: Coincheckup the BTC/ETH pair is up 2.3 % in a weekbut she 19 % fall in a month. She stays up 19 % in three months and nearly 60 % in six months. For his part, Ethereum evolves beyond $ 2,500 and a Back to $ 3,000 seems possible.
Whales who have more than 10,000 BTCs start to distribute following the ATH
The indicator Trend Accumulation Score by Cohort highlights the dynamics of purchase or sale of investors, by distributing them in groups according to the Size of their Bitcoin assets. From January to April, all investors distributed due to customs tariffs of Trump. From April, investors began to change your behavior. L’accumulation was first relaunched by the largest portfolios, before being gradually followed by more modest investors:
Behavior of the different cohorts with regard to Bitcoin. Source: Glassnode but theATH Bitcoin, which is excellent news for the cryptocurrency market, has modified the behavior of the Whales which have more than 10,000 BTC. Indeed, these have passed in mode Profit (red). All categories are accumulating, except entities that have more than 10,000 BTC. The situation still resembles the end of 2024or when the BTC had exploded towards $ 110,000.
The BTC course must keep $ 106,000 and bounce above $ 112,000
The king of cryptos draws a upward dynamic in 4 hours, and to continue on this path, we will have to keep the Support at $ 106,000and to validate a new bullish structure by closing above 112 000 $ :
Bitcoin course against the dollar (4 hours)-Register for trading view using our affiliation link. If buyers continue to have their hands, the course could fly towards the 120 000 $. Otherwise, the course could fall Under $ 106,000 And join the next Support at $ 102,000. For its part, the RSI must pass beyond 81 so as not to record a divergence. The price of Bitcoin has the possibility of climbing, but for that, you will have to keep the $ 106,000. Almost all investors are accumulating, as at the end of 2024, but the Whales which have more than 10,000 BTCs began to distribute. For Robert Kiyosaki, the increase is not over, because the BTC could progress up to $ 350,000.
Bitcoin news that counts
Robert Kiyosaki remains very optimistic about Bitcoin and plans a price of $ 350,000 by the end of 2025. He is surprised that everyone does not have, even a fraction.