Bitcoin 
$112,712.16Although the price of has been following a horizontal trend in recent weeks, internal blockchain data shows that large investors are once again turning to aggressive purchases. As of the morning of October 26, it was determined that an anonymous wallet had purchased a total of 3,195 BTC, or $356.6 million, from the Kraken exchange and an over-the-counter address. was done. After the transaction in question, market observers started to make optimistic posts on X with the comments “the whale knows something”.
Large Investments and Leveraged Positions Are Increasing
In-blockchain analytics platform lookonchainAccording to data from , the whale movement in question was considered a strong signal of confidence in the market. In the same period hyperliquid Another anonymous investor on the decentralized futures exchange called $ 16.6 million with 40x leverage. Bitcoin long position opened. The same address also took a long position of $12.5 million with 10x leverage for the platform’s main network asset, HYPE coin.
These two-way moves are important for investors with high risk appetite. cryptocurrency marketIt reveals that a new wave of rise is expected. Famous influencer Lucky who said “hype is real” on social media sharing also strengthened this optimism.
Analysts Watch the $116,000 Threshold
cryptocurrency analyst KillaXBTBitcoin’s current squeeze below $114,000 is reminiscent of a similar period in the 2021 bull market stated. According to analysts, the biggest cryptocurrency If it cannot exceed $116,000 in the short term, there may be another limited correction.
KillaXBT pointed out that the demand for BlackRock’s ETFs is mostly from individual investors, not institutional as expected. “ETF has merely made it easier for traditional investors to access Bitcoin,” the analyst commented.
According to experts, if large whales FOMO effect and if macro conditions remain supportive, Bitcoin, along with the rest of the overall cryptocurrency market, may enter a new consolidation phase.
