Large-scale profit-taking:
Bitcoin speculators and Ethereum whales
withdraw liquidity as prices rise
Despite the optimistic nature that characterizes Bitcoin speculators
they do not hesitate to make profits when uncertainty in the market intensifies
especially in light of the need to cover costs or manage risks.
It seems that this situation has become clear again in the wake of
the sharp fluctuations that the market has witnessed recently.
After a period of :
turmoil related to geopolitical tensions and what is known in
the media as the Trump trade war”, which caused the price of Bitcoin to fall
below $75,000, speculators have returned to
selling with the price rising by about $20,000 since April 9.
According to data shared by analyst
- “Ali Martinez”, the value of profits earned amounted to
- approximately $18.6 million when the price crossed
- the $93,000 barrier earlier this week.
In contrast :
the landscape looks more pessimistic for Ethereum.
A number of large institutional investors, including Galaxy Digital“
have begun liquidating large portions of their holdings of Ethereum.
The data indicates that these investors transferred 305,000 Ethereum coins
equivalent to about $540 million, to trading platforms within one week.
It didn't stop there :
as “martinez” reported that Ethereum whales are selling back at
a noticeable pace after the recent shift in the price trend.
They liquidated more than 63,000 Ethereum coins in just two days
equivalent to about $110 million at current prices.
The price of Ethereum fell at the beginning of the month to the level of $1,400
practically erasing gains of nearly seven years.
However, the price later recovered, exceeding $1,800, which provided an
opportunity for investors to benefit from this short upward wave.
The data indicate :
the coincidence of several factors such as :
Growing interest from retail traders as the big whale continues to accumulate
reflecting the potential for the market to enter an important turning point.
After Bitcoin :
briefly crossed the $94,200 barrier :
“Sentiment”
data showed the emergence of a new wave of fear of missing out
(FOMO) among individual traders, in a remarkable shift from previous weeks that
were characterized by a mass exit from the market due to uncertainty.
This rapid return of individual investors suggests a clear change in public mood
a phenomenon that often precedes recording new price peaks.
In this context :
expectations have increased regarding the currency's trend towards
the $100,000 level, supported by data issued by market analysis platforms.
In contrast :
this recent momentum appears to be supported by more established factors
with major holders, including whales and sharks
recording clear increases in their Bitcoin holdings.
According to :
a separate analysis by “santiment”
the period from April 21 to 25 witnessed an 11% rise in price, coinciding with the
purchase of 19,255 bitcoins by wallets containing between 10 and 10,000 coins.
This behavior is considered an indication of long-term optimism, which in previous
periods has paved the way for noticeable positive movements in the market.
Despite this strong performance
the question remains about the ability of this rise to continue.