Why Bitcoin Demand Remains Strong Despite Markets

in #cryptocurrency2 days ago

Major investors often buy Bitcoin at its peak. But they seek it out more during quiet or turbulent times. This recent pause near $114,000 has not reduced their interest.

Certain patterns persist in crypto. The more uncertain the market feels, the stronger people's beliefs become. Large holders do not avoid price swings. They welcome them.

Demand for Bitcoin remains strong, holding steady above $110,000 despite market ups and downs. Over the past month, about 160,000 BTC were acquired, according to demand data. Major investors, known as whales, have added 50,000 BTC to their holdings without selling any. The amount of Bitcoin available through private deals has dropped to 145,000 BTC, making it scarcer and suggesting a long-term strategy.


Bitcoin Accumulation Continues Despite Price Drops

While the recent dip to $111,971 may have concerned some investors, demand signals tell a different story. Analyst Darkfost notes on X that "apparent demand" is still positive. This metric tracks the difference between new Bitcoin creation and coins held inactive for over a year.

He explains that demand stays clearly positive, with roughly 160,000 BTC accumulated in the last 30 days. This shows the market is absorbing more Bitcoin than it is producing, even when prices are uncertain.

Technically, Bitcoin remains solid. The $110,000 mark is a key support level. Trading volumes are down but do not indicate panic. Bitcoin is holding firm, and confidence in the crypto space remains high.

Whales Acquire More Crypto Amid Market Doubts

Whales, or addresses that buy without selling, have been increasing their activity. The "accumulator addresses" indicator shows a net purchase of 50,000 BTC in the last 30 days. This suggests a strategy based on belief rather than a temporary trend.

Data from OTC Desks also supports this. Three years ago, these private trading desks held 550,000 BTC. Now, they hold only 145,000 BTC. This indicates that big investors are moving Bitcoin out of public view. They are preparing for a future with much less available Bitcoin.

The analyst believes both short-term and long-term demand looks positive. In the crypto world, where recent performance often dominates, this opposing view highlights the market's true health.

Strategy Over Volatility: The Numbers Show Strength

Bitcoin's price is fluctuating between $111,000 and $115,000. However, underlying fundamentals are reassuring. The 50-day moving average stays above $100,000, and the $110,000 level has held. The market is not crashing; it is adjusting.

Key figures reveal:

160,000 BTC were bought in a month, despite price declines. Whales added 50,000 BTC without selling. Supply on OTC desks fell from 550,000 to 145,000 BTC since 2021. Bitcoin trades between $111,000 and $115,000 with no major sell signals. Lower selling volumes suggest caution rather than panic.

These numbers indicate that for many in the crypto industry, Bitcoin is still an asset to acquire and anticipate, even when attention shifts elsewhere.


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