Hello Inleo Community! Welcome to my blog. BTC is the diamond Coin in the Cryptocurrency Market. Its each pump and dump affects the whole price of all ALT coins. I love to hold BTC for as much time as its price will not become new all time high record. It is unfortunate that BTC is facing different Challenge due to the market prevailing conditions. It is struggling in price between 41K$-45.5K$.
Crypto Big Movement
Whales played the key role in the dump and pump of any coin. They are the big players who like to play at upper level. According to Santiments (a platform that analysis and report any event on the Blockchain), BTC holders holding BTC from 1K-10K BTC in their digital wallets are increased in number 45 new wallets in their digital assets. As a result, there are 1958 wallet address since Feb 1st, all time high than November 2022 with an increase of 2.5%. Conversely, the smaller players having BTC 100-1K BTC have fallen in their BTC Wallet address. Their current wallet address are 13,735 since Feb 1st as least compared to November 2022.
Are Bulls are Replacing Bears in Coming Days in Cryptocurrency Market?
As Big Players are increasing in numbers as compared to small players then there can be predicted bulls will replace bears in coming weeks. One most famous Crypto Analyst predicted on X platform that BTC will show resistance between 48K-50K due to increase in these wallet address. But its consolidation can change into correction dump like 36K.
No Guess is Perfect
In Cryptocurrency, there is no guess that will be perfect. BTC is highly volatile in price. Similarly, any analyst and any prediction can't be 100%. It is good to see whale addresses are increasing. It indicates that Big players want to build trust in Cryptocurrency Market. Moreover, small investors are also believing now on BTC HODL. It is good news indeed. I hope, Crypto Bulls will retain the market for a long time.
Conclusion
BTC is a dragon Coin. Its cryptocurrency impact is renowned in market. Either you are Hive or Sol Investor, you can't ignore BTC. It is good to see whales are retaining their wallet address and increasing their investment. It will indeed being a green impact in market. Many Social BTC influencers are shelling their analyst about it on Social media. These BTC Social Influencer can promote any news by taking promotion fee. Hence, it is better to make our research first then we should invest and take decision. It was big Crypto Movement from today, I shared here. I hope, you have enjoyed.
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