- BTC has finally decided to play nice, with the vote up or down turning green for the first time in four months. Who knew it had it in it?
- Bitcoin whales are back in the game, with whale addresses hitting a staggering 2025 high of 2106. Talk about a comeback!
In recent months, Bitcoin [BTC] has danced a chaotic waltz of extreme volatility, struggling to maintain any semblance of upward momentum. This turmoil, dear reader, is largely attributed to the ever-growing pessimism surrounding macroeconomic conditions. Who could blame them? The world is a circus!
Yet, after four long months of gloom and doom, the market has finally shown its first flicker of hope, hinting at a returning bull market just a couple of days ago. It’s like watching a soap opera unfold!
According to the ever-optimistic Axel Adler, the Bitcoin Sentiment Vote-Up or Down metric has turned green for the first time. Green! The color of envy and money! 💚
When this metric turns green, it suggests that the majority of participants are feeling optimistic and expect Bitcoin prices to rise. Social sentiment is leaning bullish, and crowd psychology is shifting faster than a politician’s promises!
Whales lead the charge
Interestingly, this change was most pronounced among the large holders, the whales of the sea of cryptocurrency.
At the dawn of 2025, there were 2,054 wallets holding over 1,000 BTC. That number dipped to 2,038 amid rising uncertainty. A classic case of “everybody panic!”
However, in a dramatic twist, whales have returned to the market, aggressively accumulating like kids in a candy store. 🍭
This resurgence has pushed the number of addresses higher, reaching a remarkable 2106, a 2025 high. Who knew whales could be so optimistic?
The surge in whale addresses suggests that these big fish are now even more optimistic than the average market participant. It’s like they’ve found the secret sauce!
Of course, this uptick in confidence is confirmed by on-chain data—whales recorded a sustained negative Exchange Ratio for five consecutive days. Talk about commitment!
But wait, there’s more! Even other market participants have decided to join the optimism party.
For the first time in 17 days, U.S. institutional investors have turned bullish. The Coinbase Premium Index has turned positive for the first time in more than two weeks. It’s like a miracle on Wall Street!
This shift suggests that even U.S. investors are now anticipating Bitcoin’s prices to rise. Who would have thought?
What it means for BTC
The shift in market sentiment reflects a growing confidence in Bitcoin. It’s like watching a phoenix rise from the ashes!
As such, most participants now expect prices to reclaim a higher resistance. When whales, institutions, and retailers all shift their sentiment, it means Bitcoin is stable enough to see another leg up. Fingers crossed! 🤞
If optimism holds, BTC could reclaim $86,190. A sustained move might even open the door to $88,500. However, if consolidation drags and whales decide to play it safe, BTC risks slipping toward $81,616. The drama continues!
Either way, the market stands at a turning point. Momentum now hinges on sentiment follow-through and whale conviction. Buckle up, folks!
Read More
- INJ PREDICTION. INJ cryptocurrency
- ZEREBRO PREDICTION. ZEREBRO cryptocurrency
- VANRY PREDICTION. VANRY cryptocurrency
- Cardano Bulls Unleash Secret Weapon to Spark Price Surge!
- DOT PREDICTION. DOT cryptocurrency
- USD INR PREDICTION
- Why Consensus 2025 Could Make or Break Pi Network: The Scoop You Can’t Miss!
- LAT PREDICTION. LAT cryptocurrency
- SEI PREDICTION. SEI cryptocurrency
- AXS PREDICTION. AXS cryptocurrency
2025-04-19 07:13