Whales rely on Bitcoin, while social points and charts become optimistic

TLDR

• The whales buy around 95,000 US dollars up to 98,000 US dollars, which has a strong support.
• The profit cancellation can increase near $ 99,000 and risk sales pressure.
• Most BTC were bought near 95,000 US dollars and converted this zone into a key resistance.
• BTC hit $ 97K+ with low volume; Impulse can slower.
• RSI is overbought; Short -term withdrawal is possible despite the bullish trend.

Since the latest market correction, Bitcoin's long -term owners have increased their offer by around 254,000 BTC. This trend reflects increasing trust because large owners accumulate at higher price levels. Despite the latest volatility, most of this BTC was taken over at or above the 95,000 US dollar mark.

Long -term owners continue to collect at +254k $ BTC Altering over 155 days since the recent deep – many bought over 95,000 US dollars. The expenses remain easy, the signaling of a new trust and a lack of interest in the distance at current prices. pic.twitter.com/onbngrufos

– Glassnode (@Glassnode) May 2, 2025

As a result, this price zone has become a strong level of support because the whales have a minimal wish to reduce exposure. The persistent accumulation signals the firm conviction in the long -term growth prospects of Bitcoin. This behavior shows that long -term owners are positioned for further profits than at the risk.

In addition, slight sales activity underlines a lack of exit behavior, even after Bitcoin has reached heights over 100,000 US dollars. This indicates that whales expect another leg higher. Therefore, the persistent accumulation increases the current price.

Bitcoin sales patterns show strong support under $ 99,000

Long -terminers' data show an increased activity if 350% of the cost base approaches not realized profits. Based on historical behavior, sales pressure increases when profits achieve high threshold values. This profit zone of 350% corresponds to a BTC price of $ 99,900.

Historically, LTHS begins to distribute an unrealized profit margin of 350%, which matches A $ BTC Price of ~ $ 99.9k. Since the market is approaching this level, there is probably an increased pressure on the sales side and requires strong demand to absorb it. pic.twitter.com/szbhtyefx5

– Glassnode (@Glassnode) May 2, 2025

As a result, Bitcoin can be exposed to strong sales pressure if the prices approach this area again. Therefore, a strong purchase volume would be required to support a further upward movement. The price performance near this zone determines the next impulse phase.

In addition, the diagram pursues earlier distribution events when the profits have increased or decreased significantly. These trends describe a clear way on which a major sale can occur. So if BTC holds back 99,000 US dollars, an outbreak depends on the new demand.

BTC diagram shows a strong whale acumulation near 95,000 US dollars

The URPD diagram shows large BTC clusters that were bought between 95,000 and 98,000 US dollars. This area has now turned into a significant level of resistance. Many owners can sell as soon as the price returns to their Breakeven zone.

Historical care is thin over 100,000 US dollars and creates a slight resistance cluster. When Bitcoin eliminates the range of 98,000 US dollars, this opens up a way to discovering price. Whales that dominate this zone gives this level a considerable weight.

As a result, overcoming this resistance depends on the market thickness and the continued demand. However, since long -term owners have profit, higher volatility could occur. The subsequent stops of profits over 100,000 US dollars will be based on new capital inflows.

Bitcoin breaks 97,000 US

Bitcoin price fluctuations over 24 hours, whereby the price currently corresponds to $ 97,048.97, which contradicts an increase of 0.54%. At the beginning of the day, the price experienced a decline of less than 96,600 US dollars, but showed a strong upward trend towards noon and reached around 97,750 US dollars before stabilizing. Despite small dips later, the price later included upward dynamics. The trading volume in the last 24 hours dropped by 19.68%, which closes fewer market activities despite the price profit.

Source: Tradingview

The relative strength index (RSI) is currently 70.42, which indicates that BTC enters an overbought area, which could signal a possible withdrawal or potential consolidation. In the meantime, the MacD indicator shows a strong Bullic crossover, whereby the MacD line is well above the signal line, which confirms the upward impulse. The trend is optimistic, but caution is justified because the RSI approaches an overbought level. Would you like a view at short notice