United

Bitcoin

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Bitcoin (BTC) continues to pressure key resistance, with whales reportedly buying the dip.</li>
 <li>Whales holding between 1,000 and 10,000 BTC are driving the price rise, accumulating more BTC since the start of 2024.</li>
</ul>
<p>Bitcoin (BTC) continues to maintain pressure on key resistance points.</p>
<p>Research indicates that large Bitcoin investors, often referred to as ‘whales’, have been buying the dip.</p>
<h2 id="whales-seize-the-opportunity">Whales Seize the Opportunity</h2>
<p>The price of Bitcoin hovered around $67,000 after a boost at the daily close.</p>
<p>Despite remaining within a narrow range, bullish traders continue to chip away at nearby order book liquidity.</p>
<p>Current data from CoinGlass, a monitoring resource, shows a bid wall of approximately $35 million on Binance was taken at the daily close.</p>
<p>The majority of ask liquidity now sits between $67,000 and $67,500.</p>
<h2 id="whale-trading-behavior">Whale Trading Behavior</h2>
<p>A chart accompanying the data shows trading behavior among different classes of Bitcoin whales.</p>
<p>The $1-$10 million order category, in contrast to others, increased exposure throughout April.</p>
<p>This finding is supported by Santiment, a research firm, which revealed that wallets holding between 1,000 and 10,000 BTC are experiencing “FOMO” (Fear of Missing Out).</p>
<p>These whales now own more than a quarter of the Bitcoin supply, heading for new record highs.</p>
<p>QCP Capital, a trading firm, suggested that the crypto markets might enjoy a final stretch of low volatility before a significant shift occurs.</p>
<p>Analysts pointed to the reset in Bitcoin funding rates and a slow but steady return of interest to the United States’ spot Bitcoin exchange-traded funds (ETFs).</p>
<p>The firm noted that traditional finance demand continues to stream in, albeit at a slower pace.</p>

Bitcoin Whale ‘FOMO’ Escalates as BTC Value Lingers Under $67K Liquidity Zone

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