You Won't Believe What Happened to Bitcoin Whales! 🤯

In a world where the laws of finance bend to the whims of the mighty Bitcoin whales, a curious thing has happened – their numbers have dwindled to the lowest level in a year! 🐳

As the SEC rips up the rulebook and Trump conjures up a Digital Asset Stockpile, the market finds itself in a decisive moment – will Bitcoin reach new heights, or retreat to the safety of its key support levels? 🤔

The 7-day MVRV Ratio suggests there’s still room for short-term growth, but the whales seem to be getting a little… skittish. 😏 Are they waiting for Trump’s next move, or have they found greener pastures to splash around in? 🤑

As the EMA lines dance a bullish tango, the market holds its breath, wondering if Bitcoin will soar to new records or come crashing down. 🎢 One thing’s for sure – with institutions and speculators battling it out, the future of the crypto world has never been more unpredictable. 🤯

“The amount of Bitcoin held by long-term holders has decreased by 1.5 million BTC (approximately $150 billion) in the last year. Their selling accelerated since Trump’s election in November, with 500,000 BTC (around $50 billion) leaving long-term holder addresses since then. This trend resembles a pattern from previous bull cycles, where these holders started selling after prices reached new all-time highs and accumulated following 50%+ retracements,” Lucas Outumuro, Head of Research at IntoTheBlock, told BInCrypto. 🤑💸

Will Bitcoin stay above the $100,000 mark, or will it plummet like a stone? 🤔 The future is as uncertain as a Vogon poetry recital, but one thing’s for sure – the crypto world has never been more entertaining! 🎢🤖

“There is a combination of institutions and short-term speculators driving the demand-side. Onchain data shows that the amount of Bitcoin held by addresses that have been holding for under 12 months is at its highest since early 2022. This suggests high speculative activity and traders being in control of market dynamics. From the institutional side, Trump’s DeFi protocol, World Liberty Financial, bought over $47 million of wrapped Bitcoin on Ethereum, along with ETH, AAVE, and other tokens. It is unclear what the plan for these assets is, but it appears that World Liberty Financial could become an increasingly relevant player in the space,” Outumuro added. 🤑🤖

Hold on to your hats, folks – the Bitcoin rollercoaster is about to take another wild ride! 🎢 Will the whales return, or will the market be left high and dry? 🐳 Only time will tell… 🤔

2025-01-24 22:23

You Won’t Believe What Happened to Bitcoin Whales! 🤯

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