Bitcoin's $85,000 key defense line: Whale accumulation and on-chain data suggest a bottom is forming?

Question

[Coin World] Recently, on-chain data seems to be pouring cold water on Bitcoin—miners are reducing their holdings, and the NUPL indicator for short-term holders has fallen into negative territory. However, interestingly, the BTC price hasn’t really dropped and remains above $85,000. An even more noteworthy phenomenon is that large new funds are quickly accumulating. According to the data, nearly half of the realized market capitalization of Bitcoin has already transferred to these new whales. What does this indicate? The chips are quietly flowing from retail investors and weaker hands to stronger funds, suggesting that the market bottom may be gradually solidifying. This shift on the supply side is often a precursor to a rebound.

TokenCreatorOP · Accepted Answer

Retail investors are being cut again, with all the chips flowing to the big players. This is fate.

While whales are accumulating, we are still hesitating. The gap is really huge.

Not breaking 85,000 is the most cunning move. Waiting quietly for the rebound to play out.

The data is so bad, yet it can still hold steady? Someone must be supporting it. Don’t ask me who.

A solid bottom sounds great, but retail investors have long been unable to catch it.

Tsk, is the leek harvest season starting again?

Wait, miners reducing holdings and short-term trapping—are these really signals of a bottom? I find it hard to believe.

Large capital inflows are a good sign, but this story has been used too many times before.

Half a BTC is already in the whales’ hands. What are we still playing for?

Looking at it again, I start to feel tempted, but my wallet refuses.

Actually, whether there is a bottom or not doesn’t matter. Anyway, I’ve already been trapped and lost.

FOMOSapien · Answer

Whales are accumulating, retail investors are still cutting losses, this is the cruelty of the market.

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Why are miners reducing their holdings? The key is who is catching a falling knife, isn&#39;t it the time for whales to party?

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Is 85,000 the bottom? I think it&#39;s unlikely, but the flow of chips is indeed interesting.

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Every time they say the bottom is forming, it turns around and falls again, can we trust it this time?

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New whales are accumulating, should we retail investors wake up?

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Rebound signal? Alright, I&#39;ll bet this time the bottom really won&#39;t deceive me.

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Bitcoin has been messed up by big funds like this, whoever has more chips calls the shots.

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With NUPL in negative territory, can the price hold? Damn, this market is really insane.

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Chip transfer = bottom formation? The logic is sound, but the question is when will the rebound start?

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The rich are making money, while we are just sipping soup, the tragedy of capitalism.

OldLeekConfession · Answer

Miners are rug pulling while the chips are gathering, this rhythm is a bit interesting... Large investors are quietly hoarding, while retail investors are still asking where the bottom is.

LiquidityOracle · Answer

The selling pressure from miners is so great yet it can still withstand 8.5, which indicates that there are indeed large investors catching a falling knife.

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I&#39;ve noticed the accumulation by whales for a long time; retail investors are being washed out while strong capital is entering, which is a bottom signal.

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Wait, is such a high concentration of chips really a good thing? It feels like the risk is quite large as well.

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Consolidating the bottom sounds good, but I want to know if these whales will come for another round of dumping.

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85,000 is the ironclad defense line, even the妖风 can&#39;t budge it.

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NUPL negative value with BTC not falling is indeed a bit counterintuitive; could this time really be different?

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The operations of the new whales this time are either genius or they&#39;re just waiting to be trapped.

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Half of the chips are in the hands of newbie whales; what a massive amount of capital that must be.

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Is this a sign of a rebound? I believe it halfway, after all, there are so many traps in the crypto world.

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Miners are fleeing, large investors are buying; this has always been the script.

digital_archaeologist · Answer

Well... the Whale is accumulating again, the retail investors have been played for suckers almost completely.

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Miners reducing their holdings, NUPL has collapsed but can still hold at 8.5, this rhythm really has something to it.

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To put it simply, the Large Investors are accumulating at low positions, and we retail investors can only watch.

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Is the bottom being solidified? Just wait, there will be more turbulence before the rebound.

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The transfer of chips always seems to indicate a rebound, but when will it actually come...

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The fact that prices are resisting falls indicates that someone is doing Market Stabilization, but the question is until when.

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Half of the liquidity is in the hands of the Whale, are we still playing in the same market?

LiquidityWitch · Answer

Whales are accumulating so aggressively, while retail investors are still catching a falling knife, this is ridiculous haha

Bitcoin's $85,000 key defense line: Whale accumulation and on-chain data suggest a bottom is forming?

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