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Whale Activity Shapes Bitcoin’s Future as Retail Steps Aside
The Bitcoin market has been witnessing significant changes in recent times, with large-scale investors, known as “whales,” taking center stage. According to a recent analysis by a prominent expert, this shift indicates that the market is not in a speculative bubble and instead, is experiencing a solid upward trend driven by institutional investment.
The assessment highlights the remarkable behavior of these massive whales, which was previously associated with price fluctuations. In the past, large-scale acquisitions would typically cause significant market volatility. However, today’s scenario sees this phenomenon as routine, indicating that retail investors are gradually withdrawing from the market. This transformation has led to a new dynamic where institutional investors assume control over price trends.
Contrary to predictions of a bubble, experts argue that such a situation occurs when the market price significantly outpaces capital inflow into the ecosystem, which is not currently the case. The on-chain data reveals approximately $7 billion entering the Bitcoin market weekly, supporting current prices and underscoring market stability.
In his analysis, Ju also touched upon potential corrections. While acknowledging the possibility of a price drop, he believes that such an event would be temporary and unlikely to exceed 30%. Furthermore, he foresees a rapid recovery with potential increases exceeding 30% in the aftermath.
This perspective casts doubt on short-term bearish predictions and suggests that we are still far from reaching the peak of this bull cycle.
Source: crypto-economy.com
