With recent changes in Bitcoin accumulation by large balance addresses and the growth of ETFs, the cryptocurrency market is showing dynamics that indicate potential growth.
Analysis of Bitcoin Accumulation by Sharks
In the past week, addresses holding 100 to 1,000 BTC added 65,000 BTC to their reserves, bringing their total to 3.65 million. This accumulation occurred as prices hovered around $112,000, indicating strong structural demand despite short-term market volatility.
The Role of ETFs in Institutional Demand
Currently, U.S. Bitcoin ETFs hold over 1.3 million BTC, underscoring persistent institutional interest. The total volume of these funds continues to grow, with inflows outweighing short-term redemptions during volatile periods.
Market Prospects Amid Momentum Cooling
However, Bitcoin's 30-day momentum has shifted into the Cooling Zone, which may signal a consolidating trend. While the price remains above $110,000, limited demand and localized buying may keep trend boundaries stable, though sharp pullbacks are possible.
Considering the events on the market and changes in accumulation dynamics, the future price movement will depend on changes in demand and market momentum.
