Large investors stop selling: first return to buying Bitcoin since August.

Source: Exame Original Title: After selling, large investors are buying bitcoin again for the 1st time since August Original Link: https://exame.com/future-of-money/after-sales-large-investors-return-to-buy-bitcoin-for-the-1st-time-since-august/ Large retail investors have resumed buying Bitcoin for the first time since August. Data shows that this sector has reversed the intense sell-off over the past few months, which was a major factor behind the significant depreciation of cryptocurrencies during the same period. Now, they may help this asset rise again.

These investors, also known as “whales”, have historically been crucial to the upward cycles of cryptocurrencies. In fact, they are responsible for creating the demand pressure that drives up asset prices. However, during sell-off periods, they also tend to significantly suppress assets.

The decline of Bitcoin gained momentum mainly after the last price record at the beginning of October. Analysts pointed out that one of the main reasons for the depreciation is precisely the intensified selling by large investors, especially those who have held cryptocurrencies for many years.

Other factors have also contributed to the losses, such as an uncertain macroeconomic environment and market risk aversion, but the behavior of large investors again proves to have a decisive impact on the future of cryptocurrency. However, the situation may be changing.

Data collected from the Glassnode platform shows that investors holding 10,000 or more bitcoins had a positive cumulative balance last week. In other words, they bought more units than they sold. This is the first time this has happened in over three months.

Glassnode also pointed out the trend of “accumulation” in this category, which is known for its more significant investment volume. The category of investors holding between 1,000 to 10,000 cryptocurrency units also closed last week with a positive balance, marking the first time since September.

Investors holding between 100 and 1000 units of Bitcoin have been in an asset accumulation phase since October, indicating that there has not been enough demand to offset the sell-off from larger investor categories. Meanwhile, investors holding less than 1 Bitcoin are at the highest accumulation level since July.

This data suggests that after the decline, retail investors decided to take advantage of the sharp drop in cryptocurrency to acquire assets at prices lower than those observed throughout the year, potentially maximizing future gains through a new round of increases in cryptocurrency.