Key notes
- Glassnode reveals that whales containing more than 10,000 BTC accumulate regularly.
- Medium -sized investors (10–100 BTC) return to accumulation after prolonged distribution.
- More than 15,000 BTCs have passed centralized exchanges to private wallets last week.
Bitcoin (BTC) is negotiated at around $ 84,500 after weeks of volatility that shake the feeling of investors. Glassnode chain data stresses that portfolios holding more than 10,000 BTCs continue to demonstrate strong accumulation behavior.
Meanwhile, investors holding between 10 and 100 BTC, generally considered as medium -sized investors, also move to accumulation after months of distribution.
Whales holding> 10k $ BTC Maintain a strong accumulation trend (~ 0.7), continuing to direct the market. Smaller cohorts – of <1 $ BTC at 100 $ BTC – release their distribution, with 10 to 100 $ BTC The group now oscillates around 0.5, referring to a potential pivot towards … pic.twitter.com/doywamch0g
– Glassnode (@glassnode) April 18, 2025
Interestingly, the data reveal that small cohorts also soften their sales, suggesting that the sale of exhaustion could be in progress.
Upcoming upward continuation?
The weekly ideas of Glassnode noted the absence of expanding unrealized losses among long -term holders. Historically, the points of these losses are correlated with confirmations of the bear market. Until now, this signal remains sleeping, sending hope to the bulls.
The popular analyst of Crypto Ali Martinez also echoes the bullish feeling, revealing that more than 15,000 BTCs were removed from centralized exchanges last week. This flow in cold storage suggests that investors are preparing for a bullish continuation.
More than 15,000 #Bitcoin $ BTC have been removed from exchanges during last week! pic.twitter.com/hxmnnb17er
– Ali (@ali_charts) April 18, 2025
As Glassnode reported on April 17, the Bitcoin’s ceiling has reached a new top of $ 872 billion. However, the entry rate shows signs of fatigue, suggesting a low appetite for new entrants and institutional buyers.
#BitcoinThe ceiling carried out reached a summit of $ 872 billion, but monthly growth slowed down at + 0.9%. This indicates that if capital entries remain positive, the appetite of investors softens – signaling a feeling of continuous risk. pic.twitter.com/xbgzp7nowo
– Glassnode (@glassnode) April 17, 2025
BTC Prospect Price
On the Daily BTC Prix Table, the RSI is currently 52 years old. This leaves room for prices in both directions. A drop in RSI below 47 would extend the momentum to the Bears, perhaps dragging the BTC to test the support nearly $ 80,000, then $ 76,000.
Btc price that | Source: Commercial view
The Bollinger strips were considerably tightened with a hovering price near the upper strip, around $ 84,600. A sustained plug above the intermediary band (20-day SMA) at $ 84,600 could trigger a movement around $ 90,000.
However, traders could see significant resistance in the region from $ 87,000 to $ 88,500.
Meanwhile, the Blue MacD line is currently above the Orange signal line with green histogram bars. This also indicates that short -term momentum is upwards.
Btc price that | Source: Commercial view
It is important to note that BTC recently broke out of a 5 -month drop -down model, more confirming the bullish change.
However, popular Crypto Ceaser analyst explains that the violation of the EMA50 (exponential mobile average – 50 days) remains essential to confirm a long -term bullish reversal. The key resistance zone nearly $ 87,000 must be recovered for the Bulls to regain decisive control.
This is important for $ BTC – #Bitcoin To break the EMA50. pic.twitter.com/eg4lj3b6jl
– Crypto Caesar (@Cryptocaesarta) April 17, 2025
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Non-liability clause: Coinspeaker undertakes to provide impartial and transparent reports. This article aims to provide precise and timely information, but should not be considered as financial or investment advice. Since market conditions can change quickly, we encourage you to check the information for yourself and consult a professional before making decisions according to this content.
Cryptographic journalist with more than 5 years of experience in the industry, Parth has worked with the main media in the world of crypto and finance, the collection of experience and expertise in space after having survived bear markets and bulls over the years. STHTH is also an author of 4 self-published books.
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