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On-chain data suggests that institutional investors aggressively bought Bitcoin and Ethereum during the recent market dip.
This surge in institutional activity points toward a potential stabilization and reversal of the recent bearish trend.
Bitcoin Demand Sees Record Surge in 48 Hours
Bitcoin’s demand just pulled a gravity-defying stunt. CryptoQuant’s “Bitcoin: Apparent Demand” metric reveals a stunning reversal: from a chilling -79,085 BTC on November 6th to a scorching +108,5819 BTC just 48 hours later. This isn’t just a surge; it’s the most dramatic shift the market has witnessed all year, hinting at a seismic change in investor sentiment.
Is Bitcoin’s rally real, or just hype? “Apparent Demand” cuts through the noise. It pits newly mined Bitcoin against the actions of savvy Long-Term Holders. This clash reveals the raw power – and sustainability – of Bitcoin’s buying pressure.
Bitcoin: Apparent Demand (30-day sum). Source: CryptoQuant
Decode Bitcoin’s Silent Signals: This metric unveils the 30-day accumulation trend, tracing the path of actual Bitcoin as it shifts on the blockchain. Forget fleeting price pumps; this reveals the steadfast hands building long-term positions. Watch where the whales are swimming; their movements expose true conviction.
Forget everything you think you know about market bottoms. There’s a secret signal whispered among Wall Street titans, a telltale sign that smart money is flooding in: the “demand pivot.” It’s when the tide abruptly turns, shifting from relentless selling to ravenous buying. Spotting this pivot is like glimpsing the future – it often foreshadows a powerful price surge or the forging of an unshakeable market floor.
Think of it as this: the bigger the indicator’s swing, the louder the whale song. This metric had been singing a somber tune since October 8th, foreshadowing the market’s plunge on October 10th. Then, on November 7th, the music changed a bullish anthem signaling a potential turning tide.
Whale Activity Spikes at Ethereum Lows
Ethereum’s on-chain data whispers tales of institutional appetite. As ETH dipped to $3.2K, a fleeting frenzy of whale-sized transactions erupted, as flagged by CryptoQuant’s ShayanMarkets in a recent report. This wasn’t mere market noise; it hinted at institutions seizing a fleeting opportunity to scoop up ETH at a discount.
Ethereum: Spot Average Order Size. Source: CryptoQuant
Whale activity, highlighted in green, clustered around April’s price bottom. Is history repeating itself? The recent plunge from $4.5K to $3.2K mirrored this pattern, suggesting whales might be fishing for another bargain.
ShayanMarkets sees a bolder play: “Whales are back in the water, snatching up bargains while minnows dart for cover.”
Ethereum eyes a $4.8K surge? One analyst sees a bullish spring coiled tight. Should Ethereum maintain its footing above the $3K-$3.4K bedrock, it could signal a period of quiet accumulation, the calm before a final, powerful leap toward $4.5K-$4.8K. Keep watching.
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