The growing declining pressure continues to hinder Bitcoin,, Which caused the main assets to decrease towards a $ 113,000 price sign after reaching the highest new level ever at $ 124,000 a week. While the BTC price has decreased sharply, investors are based on a strong attention, especially on Binance.
The increasing records records
In the midst of the increased fluctuations around Bitcoin, a positive trend between BTC investors on Binance, the largest exchange of cryptocurrencies in the world. The investor’s mood was I mentioned Written by Darkfost, market expert and author, in a post on the X platform after examining the Binance Spot vs Futures Homanance Metric scale.
Nowadays, the instant bitcoin market appears on Binance renewable power, with the demand for leading digital assets that pick up again. As immediate demand high again, this indicates that investors are preparing interest and benefit from the opportunity to buy BTC at the current price.
Although recent market fluctuations, this increase in immediate demand not only refers to a new Purchase But it also indicates the increasing confidence that the long -term Bitcoin path is still intact.
In addressing misconceptions between the players in the market or investors, Darkfost stated that the high demand for the category does not mean that it dominates. Instead, the average point has increased to a much higher level than its normal rate.
It should be noted BinanceThe average percentage of space/futures/futures volume has reached more than 0.22 since 2019, which means that for each one dollar invested in the place, nearly 4 dollars flowed to futures. Meanwhile, Darkfost cut the development into two main factors. These include high demand for Binance and the decline in futures folders.
According to the expert in the series, this is a very positive indicator in general. This is because positive movements are usually longer when the market is strengthened by immediate demand than speculation DerivativesAs noted in the early and late 2023.
Whales and sharks accumulate BTC
Outside Binance, Bitcoin investors still show a strong demand, especially Whale And sharks. Santiment, a leading platform in the field of market analysis and the platform for data analysis on the series, open A noticeable purchase pressure between these investors.
middle BTC declined from its highest level everThe main whales and sharks went in a purchase boom, while retailers emptied their coins. With prices decreased by no less than -6.22 % since August 13, the reservation portfolio is eating between 10 BTC and 10,000 BTC about 20,061 other coins.
The data indicates that this group of investors has acquired more than 225,320 BTC since March 22, indicating a strong condemnation in the horizons of origin. During this period, there was a great relationship between the holdings of this group and The trend of price movement in the future For the past five years.
Distinctive photo of Pixabay, Chart from TradingView.com
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