The crypto market is uneasy as fear is creeping in, reflected in CoinMarketCap’s index sitting at 30/100, a clear sign of bearish sentiment among traders. Yet, something unexpected is happening.
Despite the uncertainty, Bitcoin (BTC) holders are making major moves; nearly $900 million worth of BTC has been pulled from exchanges in just seven days, reports IntoTheBlock. A signal? A strategy? Either way, it is not going unnoticed.
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Bitcoin’s price has been all over the place. Up 12.3% in a week, beating the broader market’s 5.8% rise. But the real action was on Sunday and Monday. A massive 10% surge, only to see an equally strong pullback right after. It has been a ride to say the least.
The biggest players, however, do not seem worried. In fact, they are accumulating. While the market hesitates, large investors are taking Bitcoin off exchanges, a move often linked to long-term holding strategies.
And price?
The price responded. In the period in which nearly a billion dollars’ worth of BTC was withdrawn, Bitcoin’s price climbed from $82,820 to a peak of $92,810.
So, what does this mean? On the one hand, fear is present. On the other, major withdrawals suggest confidence, or at least, a calculated bet. When big money moves like this, it is rarely random. It could be a hedge against inflation, a shift toward self-custody or simply positioning for the next market phase.
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Retail traders may be on edge, but institutional moves tell a different story. The disconnect between sentiment indicators and investor behavior is striking. Panic in one corner, quiet accumulation in another.
Source: https://u.today/bitcoin-whales-stun-crypto-market-with-900000000-withdrawal