Bitcoin’s price again became Bearish after he was briefly recovered to $ 94,000 on Monday. In particular, the cryptocurrency had shown signs of strength earlier this week after a period of decline, but the recovery was short -lived.
From today, Bitcoin slid under $ 90,000, which marked a decrease of 1.8% in the last 24 hours. According to cryptoquant analyst Crazzyblockk, a key factor that contributes to this downward movement seems to have increased sales pressure From large Bitcoin holders.
Whales and large holders stimulate sales pressure on Binance
Crazzyblockk emphasizes how whales and other large investors on Binance Active BTC load as prices rise. This trend suggests that experienced traders benefit from market optimism to leave their positions, thereby limiting Bitcoin’s upward upward potential in the short term.
Whale to Binance Flow has been 3 months high at $ 7.3 billion in the last 30 days
“This often happens in addition to heavy price changes and shows that large holders choose Binance as their exchange. Looking at whale deposits is important because their movements can stimulate the market. ” – By means of @Ja_maartun pic.twitter.com/PSD3ZUDXF3
– Cryptoquant.com (@Cryptoquant_Com) March 6, 2025
The trend also comes at a time when whale sees Binance Flow a consistent increase. The analysis of Crazzyblockk of data on chains from Binance in particular indicates that large bitcoin holders-qualified as fish, sharks and whales in market trallys.
The data shows that the greater the holder, the more strategic they distribute their Bitcoin companies. These entities are good for an increasing share of daily sales side on Binance, which suggests that they are actively forming the price movements of Bitcoin.
While the Bitcoin price trends are up, the whale activity on Binance is intensified, with more BTC that flows into the exchange. The report emphasizes that although private investors – often mentioned as shrimp – remain relatively inactive, whales and sharks benefit from rising prices to take a profit.
This consistent distribution of high -quality holders has created a persistent downward pressure, as a result of which Bitcoin does not increase parabolic movement.
Bitcoin Market Outlook: Can compensate accumulation whales?
Because large holders continue to load BTC, the risk that every further upward set -up can cause even more sales pressure, which will reinforce the resistance levels.
This dynamic means that the price movement of Bitcoin can be limited, unless new accumulation of long -term investors or institutional buyers compensates for the sales trend.
Crazzyblockk emphasizes that following the whale activity of Binance is crucial for understanding the market direction. Because these big holders are not only participants, but also price slirers, their actions can provide insight into short -term trends.
If the sale of whales slows down and records new accumulation, Bitcoin can find support and regain momentum. However, if the current trend continues, the further pressure remains a possibility.
Featured image made with Dall-e, graph of TradingView
Credit : www.newsbtc.com
