[Analysis] "Bitcoin, Increased Selling Pressure from Individual Investors... Whales Accumulate"

Uk Jin

Summary

While Bitcoin recorded a rally up to $110,000, it was found that individual investors are focusing on selling.
With the continued exchange outflow, it is interpreted that whale investors are accumulating.
Despite the selling pressure, if the price holds, a short squeeze situation could occur, suggesting a high probability of a continued bull market.

Recently, while Bitcoin (BTC) recorded a rally up to $110,000, it was found that the directions of individual investors and whale investors diverged.

On the 26th (Korean time), a CryptoQuant on-chain edge contributor reported, "During the period when Bitcoin steadily rose, the net inflow and outflow of exchanges remained in an outflow state," and analyzed, "However, the market buy/sell ratio fell below 1.0, indicating that the selling pressure is stronger than the buying pressure."

The contributor added, "Looking at the futures market indicators, it seems that individual investors are the ones selling," and "On the other hand, the continued outflow from exchanges is interpreted as whale investors accumulating."

Regarding this situation, the contributor explained, "Even if the selling pressure increases, if the price holds, a short squeeze situation could occur," and "In conclusion, despite the selling pressure, the continuous accumulation activity suggests a high probability of a continued bull market."

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