| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107304.7000000000 |
| ETH | $2432.8090000000 |
| BNB | $648.8197400000 |
| XRP | $2.1882210000 |
| ADA | $0.5671636000 |
| SOL | $150.1301000000 |
| DOGE | $N/A |
| DOT | $3.3997000000 |
| LTC | $86.7376000000 |
| LINK | $13.3566500000 |
Category: CRYPTO NEWS
The post Bitcoin May Face Correction Amid Rising Inflows but Whale Activity Signals Long-Term Confidence appeared on BitcoinEthereumNews.com. Bitcoin faces correction risks amid rising inflows, but whales and institutions remain unfazed as market dynamics evolve. Despite a spike in exchange reserves, key players like whales are signaling their confidence through significant accumulation. According to a recent report from COINOTAG, “The active accumulation by institutions indicates a long-term bullish sentiment prevailing over short-term market fluctuations.” Bitcoin encounters potential corrections amid rising inflows, yet strong accumulation by whales signals long-term market confidence. What’s Bitcoin preparing for? On the 4-hour chart, Bitcoin appeared to be forming a textbook cup and handle pattern, which traditionally signals a potential bullish continuation. BTC traded at $85,138.04, posting a modest 1.02% gain at the time of writing. The neckline of the pattern sat at the $88,860 level—a key resistance zone that must be cleared to confirm a breakout. A decisive move above this level could trigger a wave of buying pressure, opening the path toward new highs. However, the pattern has yet to complete, and the handle portion remains sensitive to broader market sentiment. If bulls fail to build enough momentum, Bitcoin could pull back toward the $81,535 support level, which has proven resilient in previous dips. Source: TradingView Is momentum weakening? Market sentiment showed no clear direction at press time, with bulls and bears perfectly matched at 130 each over the past seven days. This equilibrium indicated deep uncertainty in the market, where any minor event could tip the scales sharply. At the same time, Bitcoin’s network activity has dropped significantly, approaching historic lows seen in 2018 and 2021. A decline in on-chain engagement often reflects reduced user demand and weak market participation. However, renewed volume or institutional buying could quickly reverse this decline. Source: CryptoQuant Whale buying intensifies Despite rising exchange reserves, whales and institutions appear to be accumulating aggressively. Glassnode data shows…
2025-04-03T02:42:47+00:00