Bitcoin whale inflows down 40% – Can THIS group push BTC over $103K?

• The influx of whales has fallen significantly from 5b to $ 3b, while retail participation grew but remained under ATH.
• Bitcoins tested key resistance levels with increasing reserves to flow and increasing institutional interest.

Since mid -April, Bitcoin [BTC] showed significant changes in the behavior of investors with whale tide Fall From $ 5 billion to $ 3B and retail participation grows from $ 12 billion to $ 15.

This divergence between whale and retail activity indicates a shift in the market sentiment.

While large investors have become more cautious, the retail tide continues to increase, but remain below the previous historical maximums. Although the retail tide has grown, they still follow historical maxima.

Is the market sentiment exceeding bear?

According to Binance’s data, the long -term BTC ratio showed 56.99% of short position accounts, while only 43.01% were long.

This reveals a bear sentiment because more traders are placed on a decline.

The dominance of short positions indicates increased skepticism. As a result, volatility could increase, especially if a short presses.

Meanwhile, social dominance BTC dropped to 20.6%, with a social volume of 853 at the time of the press. This decline from previous levels indicates the cooling of market enthusiasm.

The involvement of social media plays a decisive role in the management of retail interest. So if BTC’s social buzz continues, it could prevent its ability to maintain dynamics.

Do institutions bet on BTC?

Interestingly, the whales have not left completely.

Data on the large Netflow holder at the end of April revealed that large investors continued to accumulate BTC around $ 95,000.

The 30 -day change showed +101.14% increase in institutional interest. However, a 7 -day change of -1586.71% indicated some short -term outflows.

Despite short -term fluctuations, the positive Netflow trend in the last month suggests that institutions remain confident in the future potential of BTC.

Therefore, institutional activity remains a bull for long -term BTC views.

Resistance to $ 108,000: Can Bitcoin break this critical level?

During the press, BTC traded for $ 103,764, which is 1.01% per day. Now they face severe resistance near $ 108,000. RSI sat at 69.81 – only shy from rebellion.

Together with RSI, Bollinger Bands (BB) shows that Bitcoin is approaching the upper zone and strengthens the scheduled script. The price is pushing towards an escape that could drive bitcoins around $ 110,000.

However, the combination of RSI and BB indicator suggests that bitcoin could face the pull if the price does not break over the upper zones.

The current momentum up is strong, but the consolidation phase is likely if it has resistance.

In addition, the BTC stock and flow ratio climbed to 166.67%, now to 2.118 million. This increase indicated a growing shortage that could increase the value of bitcoins.

And the growing shortage strengthens the position of BTC as a storage of value.

Will caution give way to permanent bull dynamics?

Bitcoin’s market behavior suggests that a short -term price action could be subdued due to the level of resistance and a cautious sentiment from the whales.

However, institutional interest continues to grow, as seen in the large Netflows holder, and the growing BTC deficiency supports the bull long -term outlook.

While the social sentiment cools, the BTC could still break the level of resistance if the retail enthusiasm rises.

The future of bitcoins therefore depends on whether it can regain momentum and overcome short -term obstacles in their way.