Solana

Bitcoin

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<ul> 
 <li>Bitcoin (BTC) shows signs of recovery, but the lack of large-scale buying from whales raises concerns about sustainability.</li> 
 <li>On-chain data reveals a significant decrease in net inflows from addresses holding substantial amounts of BTC.</li> 
 <li>“Whales are often astute at timing the market, and their hesitancy could signal expectations of further price declines,” says an analyst at IntoTheBlock.</li> 
</ul> 
<p><strong>Discover the factors influencing Bitcoin’s price movement and why whales may be holding back, potentially indicating a deeper correction ahead.</strong></p> 
<h2 id="strong-bitcoin-s-recovery-faces-skepticism-strong"><strong>Bitcoin’s Recovery Faces Skepticism</strong></h2> 
<p>Bitcoin (BTC) has regained some ground after a weekend dip, rising 3% from its recent lows. Despite the modest rebound, on-chain data from IntoTheBlock suggests that large-scale investors, often referred to as “whales,” are hesitant to buy heavily into the current market conditions.</p> 
<h3 id="strong-whale-inflows-remain-subdued-strong"><strong>Whale Inflows Remain Subdued</strong></h3> 
<p>The “large holder netflow” metric from IntoTheBlock shows that wallets holding a minimum of 0.1% of BTC’s supply have added just over 3,000 BTC. This inflow pales in comparison to the surge in buying activity observed after March 20’s price dip.</p> 
<h3 id="strong-potential-drivers-of-market-sentiment-strong"><strong>Potential Drivers of Market Sentiment</strong></h3> 
<p>Whales’ cautious approach may stem from broader market forces. A resurgent US dollar, geopolitical tensions, and the resulting shift of capital from riskier assets like cryptocurrencies to safe havens like gold have contributed to Bitcoin’s downward pressure. Close observation of spot exchange-traded fund (ETF) flows is recommended for further insight into large-scale investor sentiment.</p>
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<h3 id="strong-conclusion-strong"><strong>Conclusion</strong></h3> 
<p>While Bitcoin displays initial signs of recovery, the limited participation of whales casts doubt on the sustainability of this trend. Market analysts will be closely monitoring whale activity and other key indicators to determine if a deeper price correction is on the horizon for Bitcoin and the broader cryptocurrency market.</p>
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Bitcoin (BTC) Price Rebounds Modestly, Whale Activity Suggests Caution

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