Bitcoin whale moves $206 mln as BTC holds firm above $100K

• Whale transfers propose long -term trades with possession or OTC, not immediate pressure on the side of the sale.
• Retail investors continue to achieve profit and push Netflow exchange on a positive area.

In the last week, as Bitcoin [BTC] Whale activity, which was regenerated by $ 100,000, has intensified from sales and shopping pages.

Only in the last 24 hours, Whale It identified a massive transfer of 2,000 BTC worth approximately $ 206 million.

Target? Unknown wallets without exchanged links. Such a conversion that is not paired with exchanges could mean two main things.

First, the whale shifts funds to personal or safe wallets for long -term possession, which is often considered to be accumulated or intention to hold.

Secondly, it may indicate the transfer of OTC between private players or OTC institutions and has no impact on prices.

Since this whale transmission is not paired with an influx for replacement, it is not an immediate bear signal. In the middle of this whale transmission is an increase in whale activity that dominated the market in recent days.

The accumulation score flashes near

According to Glassnode, the large wallets continued to accumulate, while those who held 1K – 10k BTC accumulate a score of 0.9, nearly 1, while sharks set off at 0.8 scores.

Meanwhile, the activity of the whale exchange slowed.

For example, the ultraletry whales were around 0.5 in the neutral zone. Therefore, large Netflow holders for replacing the Netflow ratio continued to decline and reached a negative area around -0.69.

Such a drop indicated that the whales did not send BTC for exchanges instead, withdrawing extensively.

Retail exits could stop dynamics

Increasing whale activity, especially on the accumulation side, signals growing trust in bitcoins because they expect prices to continue to increase.

Historically, growing accumulation among large players led to a higher price because demand increases prices. If the continuation of the trend is valid with whale accumulation, BTC is likely to reach higher levels.

On the other hand, smaller investors were sold to strength.

She continues to distribute less than $ 10 in BTC, which reflects a high sales activity from small holders when they get a profit.

The profit from retailers led to a positive Netflow exchange, especially because ultra -large wallets are also sold, albeit in a neutral zone.

Positive Netflow indicates a higher exchange of influx than drains.

If retail sales persisted, BTC could chop $ 100,000 to $ 105,000 for a while.

However, if smaller holders cool and ultra whales turn from neutral to accumulation, bitcoin could break over $ 108,000 in the near future.