Cryptoctive analyst Darkfost suggests that the recent downtrend of bitcoin may occur near its end as it is easy to sell pressure from big holders on binens.
In a Mar.12 post on X, the darkfost highlighted the decline in the BTC whale ratio of the binance, which measures part of the top 10 flow relative to the total flow. Strong whale sales activity is indicated by a high ratio, which often causes brief improvement.
However, the recent below trend of this metric indicates that large holders are reducing their cell order, which is usually a sign of a adjacent market recovery.
There has been a dramatic decline in Bitcoin (BTC), falling about 30% from all its time in January and fell to a four -month low of $ 77,000 on March 11. On-chain data, however, indicates that whale holdings are increasing.
Large holders have purchased about 65,000 BTCs in the last 30 days, according to a cryptoctive post on X. This means that current prices can be seen as a favorable entry point by institutional investors.
The market is also affected by other effects. The recent announcement of a strategic bitcoin reserve by the US government first appeared optimistic. Later, however, it became clear that the holding would arrive primarily from the seized property rather than aggressive acquisitions.
This has led to an increase in investor uncertainty, as there are excellent economic concerns such as record outflow and potential tariffs from bitcoin ETFs. Traditional markets, especially Nasdaq, continue to have a strong impact on the price of bitcoin.
Bitmex co-founder Arthur Hayes offered his offer in the market in March 1. 11 Post On X, he predicts that Bitcoin may fall down to around $ 70,000, falling from his all -time high to 36%.
However, he argues that a true recovery will only require more than the dynamics of the crypto market. According to Hayes, a slowdown in the stock market is part of a large financial innings that is required.
So far, continuous accumulation by large investors and a decline in whale ratio indicates that the sale pressure is ending. Bitcoin, which is trading at $ 83,234 at the time of press, can be led to recovery if it has a pattern.
