Bitcoin (BTC) is attracting attention with new whale transactions and rising ETF inflows. Recently, more than $100 billion has been pumped into Bitcoin by large players, known as whales. Could this mean a new high in BTC prices?
In this article, we’ll explain how these inflows could change the market, whether it’s a good time to buy, and what experts think about Bitcoin’s future.
Whales invest more than $100 billion, how can they shape the market?
Recently, Bitcoin whales contributed more than $100 billion. This creates major changes in the market and makes many wonder what will happen next. In the past, large transactions like this usually sent Bitcoin’s price soaring. Whales often act when they anticipate future growth.
currently, Bitcoin price It ranges from $61,853.65 to $63,129.69. The situation has been stable, but with these new flows, the situation could change quickly. Experts believe that this huge contribution could push BTC above the current resistance level of $69,025. If this happens, Bitcoin could test its all-time high (ATH) at $73,737.94.
As one report stated, “Whale activity is often a signal of bullish trends. This new influx could push Bitcoin to new levels.” If the whales continue to buy, we may see Bitcoin prices rise To $70,000.
Following the whale’s moves, ETF inflows rose to $235.2 million
Along with the whales’ moves, inflows from Bitcoin ETFs also jumped. In total, $235.2 million was added. This shows that traditional players are also becoming more interested in Bitcoin. ETFs are a safer way for many people to join the cryptocurrency market without directly purchasing and storing Bitcoin.
This rise in ETF inflows adds more confidence to Bitcoin. Combined with whale contributions, it increases the chances of a broader rally. This could cause Bitcoin prices to rise in the coming weeks or months.
At the same time, we must remember that the market can be affected by things such as inflation or central bank policies. If inflation continues to rise, Bitcoin may see further inflows as people look for ways to protect their money from losing value.
Is now the best time to buy Bitcoin?
With all this happening, many are wondering if this is a good time to buy Bitcoin. On the one hand, the whales’ $100 billion contribution and rising ETF inflows are strong signs that the price could rise. But Bitcoin is still below resistance levels. This means that the uptrend has not been confirmed yet.
The current Relative Strength Index (RSI) is at 52. This tells us that Bitcoin is neither overbought nor oversold. It is located in a neutral zone, which may give holders the opportunity to buy before the price breaks out. Currently, BTC is close to its 10-day moving average of $61,914. This indicates that it may remain stable unless something major happens.
While the data indicates a potential rise, it is important to be cautious. Bitcoin support level is $55,063. If the price falls, it is possible that it will fall to that level before bouncing back. Market timing is difficult, so anyone considering buying should be prepared for some short-term price fluctuations.
Minotaurus ($MTAUR): A compelling pick for future BTC holdings
With many speculating about the upcoming BTC rally, Bitcoin holders are eagerly stockpiling Bitcoin. Although his prospects look bright, he is not the only high-flying option. Another player that is catching the eye is Minotaurus ($MTAUR), a promising pick for those looking for cryptocurrencies with strong fundamentals. Currently, MTAUR is priced at just $0.00005963, a significant 70% drop from the expected listing price of $0.00020.
Tokens have a powerful utility in Minotaurus, allowing users to unlock unique features, such as powerful equipment and avatar upgrades. The casual gaming market is booming, worth about $15 billion and growing at an impressive rate of about 9% per year. This is a definite advantage for Minotaurus and his prospects.
For holders, there are additional perks, including referral bonuses for bringing friends to the platform and a well-designed entitlement program that provides rewards for those who stick around long-term. Overall, $MTAUR looks like a compelling addition to BTC holdings. Since the pre-sale is heating up, it’s best to act quickly before the price goes up.
conclusion
Bitcoin is seeing big changes with whale transactions and ETF inflows indicating a potential upside. Although the price of Bitcoin has been stable, these large contributions indicate that we may see Bitcoin test new highs soon. However, market fluctuations and other factors can affect the price.
Is this the best time to buy Bitcoin? It could be. But diversification doesn’t hurt. Pre-sales like Minotaurus ($MTAUR) can help BTC holders future proof their portfolios. The entry price is incredibly low now, and the upward trajectory looks promising. Now might be the best time to explore $MTAUR and get involved.