Cryptoquant data shows that after the calm period and a round of profitability at the beginning of January and a round of profit, the large Bitcoin (BTC) holders (commonly known as “whale”) re -purchased more bitcoin assets.
The monthly percentage growth rate of Bitcoin held by major investors accelerated from -0.25%on January 14 to+2%on January 17, the highest monthly growth rate since mid-December.
This growth will appear after Donald Trump as the president of the United States. Traders expect him to launch a policy that supports cryptocurrencies and establish a strategic Bitcoin reserve. These two incidents may promote institutional capital to enter the time in the short term. assets. Bitcoin demand and price key driver. The recent famous buyers include Bitcoin development Corporate micro -strategy And Energy Management Systems KurusEssence
Therefore, as Bitcoin’s assets approached $ 100,000 in December, the daily profit was as high as US $ 10 billion, and the selling pressure of Bitcoin has greatly reduced. The long -term Bitcoin holders who are regarded as “smart money” have sold more than 1 million bitcoin since September, and this behavior seems to have bottomed out because CoinDesk analysis pointed out Wednesday.
At the same time, traders’ unrealized profit margins are close to zero. In terms of cryptocurrency terms, this is usually just like the lower limit during the bull market, indicating that we may be at a stable point before the next move.
However, according to Cryptoquant, Bitcoin’s retail spot demand seems to be cooling.
“The obvious demand of Bitcoin is still expanding the area (the green area in the left picture). Reported in the report.
Objective demand is a kind of balance between Bitcoin output (tokens that are newly cast by mining by mining) and its inventory change (more than a year of tokens).
“Demand growth must be accelerated again, and the price can rise sharply,” it added.
