A closely watched analyst claims that Bitcoin investors with deep pockets are buying BTC in the billions.
Ali Martinez told his 88.800 followers via the social media platform X, that Bitcoin whales purchased tens and thousands of BTC within just four days. The crypto king is hovering near the psychological value of $100,000.
According to the chart of the analysts, Bitcoin whales hold between 100 BTC and 1,000 BTC.
Martinez notes, too, that Bitcoin is showing signs of optimism among investors based on long-term Bitcoin owners or BTC holders who own BTC at least for six months.
Long-term Bitcoin investors are showing signs that their greed is growing! This behavior has historically indicated that it may take between eight and eleven months before BTC reaches a peak. The trend suggests that a possible peak could occur between June 2025 and September 2025 !”
The trader seems to be suggesting that Bitcoin long-term holders are feeling euphoric. This sentiment can last months, according to previous BTC bull market cycles.
Martinez, who is bullish long term on Bitcoin but is bearish in the short-term on BTC, warns the Tom DeMark Sequential Indicator (TD), which is based on a 12-hour chart.
The TD Sequential gave a buy signal for the Bitcoin BTC 12 hour chart. It predicted a correction in price to $85,610 or $91,583. BTC must close above $105,535 in order to invalidate this sell signal .”
Traders can use the TD Sequential Indicator for predicting potential trends reversals based on the prices at the close of a certain number of bars and candles.
Bitcoin currently trades for $97.312.
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The post Bitcoin Whales gobble up nearly $4,000,000,000 BTC in just four days, says analyst may be updated as new information becomes available.
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