Bitcoin (BTC) has soared above $70,000, rising more than 5% in the past 24 hours.this important bitcoin price This increase has sparked interest and curiosity within the market, with a growing movement to understand the underlying factors driving this upward momentum.
New whale drives Bitcoin accumulation trend
Since January, the realized market capitalization of new whales has been steadily increasing. Amount of realized capital. Calculated based on their respective prices. BTC The last amount purchased or moved shows the amount invested in Bitcoin. The increase in new whale realization limits indicates active accumulation by these large investors.
In contrast, the realized upper limit for old whales is relatively stable. This stability suggests that long-term investors are holding on to Bitcoin. This holding behavior of older whales confirms their confidence in Bitcoin's future value.
The gradual increase in the realization limit for addresses above 10,000 BTC reflects the slow but steady accumulation by the largest players. Bitcoin holder. This trend shows that even the biggest investors are gradually increasing their positions in Bitcoin.
This accumulation by the largest holders is a positive signal for the market. Major investors remain interested and confident in Bitcoin.
BTC unrealized profits show significant increase
Unrealized gain or loss reflects the potential gain or loss if a holder sells BTC at the current market price. Unrealized gains have been steadily increasing since the beginning of the year, reaching a peak around mid-March. This increase represents significant potential gains for large holders.
New whales' profit levels are more volatile than older whales and large holders. The old whales and the largest holders are stable and show large unrealized gains, while the new whales are more volatile but still profitable. This fluctuation among new whales highlights the dynamic nature of new investors in the market.
Bitcoin's 51% year-to-date rise reflects investors' expectations for U.S. financial expansion. In April 2024, the M2 monetary base exceeded his $21 trillion. This increase in currency in circulation suggests that inflationary pressures are building, even though there was a period when businesses and individuals were hesitant to spend.
US federal reserveStrategies to manage inflation and avoid recessions can impact liquidity. As a result, this could affect the attractiveness of scarce assets like Bitcoin. Investors are closely monitoring the Federal Reserve's actions, as these could have a significant impact on Bitcoin's future value.
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