The movements of senior bitcoin holders indicate a potential upward trend

Data issued by the Santimcent Analysis Company indicates that the major Bitcoin owners are behaving in a way that reflects the market’s willingness for a new upward wave, while indications that individual investors are taking a opposite path indicating a state of frequency or fear.

A height in the possession of the large portfolios

And “Santimment” revealed that the governor, which contains quantities ranging from 10 units and 10 thousand units of Bitcoin, has witnessed a noticeable increase in the size of what you possess during the past six weeks, as this group of investors added approximately 81,338 new units to its assets, which reflects great confidence in the future of the market and their expectations to achieve profits in the medium or long term.

This group includes different types of investors, most notably whales and sharks, known for their great impact on market movements, because they possess huge amounts of digital currency.

The behavior of individuals contradicts adults

At the same time, the possession of individual investors who have small quantities of Bitcoin, which indicates that they were selling either due to the concern of market fluctuations or as a result of boredom and the absence of the incentive to continue to retain the currency.

Santimint explains that this contrast between the two investors categories is often a sign of the market approaching a strong price movement, as the accumulation of the major portfolios in conjunction with the sale of individuals suggests that the market is going through a period of preparation before starting again.

A slight change in the style recently

Although the general trend during the past weeks has been in favor of accumulation by the large governor, the recent data shows a slight decrease in their assets during the past few days, which indicates that some of these governorates decided to achieve profits after the rise of the last price, and this behavior is normal in the context of financial markets where senior investors sometimes reduce their positions after achieving significant gains.

Strong flows towards the instant bitcoin boxes

On the other hand, the instant Bitcoin funds showed a strong performance in terms of financial flows, as they recorded an income of $ 5.13 billion since the sixteenth of April, according to Santime’s data.

These flows indicate increasing interest by financial institutions and large investors who prefer to invest through these organized channels, which contributed to the recent promotion of market performance.

A new rise in Bitcoin price

During the past twenty -four hours, Bitcoin has witnessed a new increase in its price to exceed the level of 97,000 dollars again, which reflects the return of the positive momentum to the market, supported by the large conservative behavior and investment fund flows.

This height may be an initial indication of the beginning of a new wave of ascension if the supporting factors continue to be the same in the coming days.