Hi Guys,
It's Big & Big #alert this time ever #whales? Buy $BTC !!
Whales Buy Bitcoin as Prices Surge
New research indicates that whales have been purchasing Bitcoin, maintaining pressure above a critical resistance level until April 24.
According to TradingView data, Bitcoin’s price movement saw a rise to $67,000 following the latest daily close. Bulls, still in a tight range, continued to move away from order book liquidity for the BTC/USD pair.
According to current figures from the blockchain data analysis platform CoinGlass, approximately $35 million worth of bid walls were absorbed at the daily close on Binance, with most of the selling liquidity now positioned between $67,000 and $67,500.
Trade source Material Indicators mentioned in a post that the 1-month view of the order book shows how dynamic changes in liquidity settlement affect the overall price movement.
The NET effect of Bitcoin blocks, with liquidity demand moving downward and some bid liquidity blocks moving higher, narrows the active trading range approximately from $62,000 to $68,000.
The key whale class holding 1,000-10,000 Bitcoins is supporting this rise, and this group has accumulated an additional 266,000 Bitcoins since the start of 2024. This represents an accumulation of 1.24% of the total supply.
