A Bitcoin whale returns to action with a purchase of 250 BTC

Bitcoin

A Bitcoin whale returns to action with a purchase of 250 BTC

A Bitcoin whale has suddenly become active again after two years of silence, purchasing as much as 250 BTC worth approximately 26.37 million dollars. The movement, recorded this week, has immediately caught the attention of on-chain analysts and traders, fueling speculations about a possible renewed interest from large investors.

According to the data provided by Lookonchain, this wallet had not shown activity since 2022, the year in which it withdrew 500 BTC from the Gemini exchange, when the price of Bitcoin was around 27,400 dollars. At the time, the transaction was worth about 14 million dollars. Today, with Bitcoin fluctuating around 105,000 dollars, the unrealized value of those 500 BTC exceeds 39 million dollars.

The dormant Bitcoin whale: a move that sparks discussion

The return of this whale has generated a wave of discussions among industry operators. Some see in this purchase a signal of confidence in the market, while others wonder if it is just an isolated action or the beginning of a broader trend. In any case, the operation has had a significant psychological impact, especially among small investors who often follow the moves of large portfolios in the hope of replicating their gains.

The case of this whale is emblematic of the growth potential of Bitcoin for those who knew how to invest at the right time. From 2022 to today, the value of the cryptocurrency has increased by almost 300%, transforming an investment of 14 million into a virtual asset of over 53 million. A gain that, although not yet realized, represents a capital gain of over 39 million dollars.

These numbers do not go unnoticed. Even if not everyone has the financial capacity to move hundreds of Bitcoin in a single transaction, the actions of the whales can create a domino effect, prompting even small investors to enter the market or increase their positions.

Technical analysis: contrasting signals

From a technical standpoint, the Bitcoin chart shows an inverse “cup-and-handle” formation, with a key support line located at 100,800 dollars. Currently, the price is in the “handle” phase, and a drop below this threshold could push the cryptocurrencys value down to 91,000 dollars, in line with the 200-day exponential moving average (EMA).

Furthermore, the relative strength index (RSI) stands at 52, a value indicating a decreasing bull momentum. If the RSI were to fall below the 50 mark, it could trigger further selling pressure. To reverse the trend and regain momentum, Bitcoin will need to surpass the 20-day EMA resistance, positioned just above 105,000 dollars.

Market Turbulence and Billion-Dollar Liquidations

Last week was particularly volatile for the cryptocurrency market. A series of verbal clashes on social media between the President of the United States Donald Trump and billionaire Elon Musk contributed to a sudden drop in the price of Bitcoin, which briefly fell below 101,000 dollars, causing liquidations of nearly 1 billion dollars in the futures markets. However, the price quickly recovered, rising back above 105,000 dollars within a few hours.

Worsening the picture, a signal of capitolazione dei miner has also been detected, according to the Hash Ribbons by CryptoQuant indicator. This signal suggests that less efficient miners might find themselves in difficulty in the short term, but it could also foreshadow future rallies once the pressure has eased.

What to expect in the coming weeks

The activity of the whale, combined with technical signals and political volatility, makes the near future of Bitcoin particularly interesting. Analysts are divided: some see buying opportunities in case of a bear, while others fear that the support at 100,800 dollars may give way, paving the way for a more pronounced bear.

In any case, the return of a major investor after two years of inactivity is an event that cannot be ignored. Whether it is a strategic move or a simple speculative operation, the market is buzzing and all eyes are on every movement of the Bitcoin whales.

With the political uncertainty continuing to influence the markets and the mixed technical signals, the coming days could be decisive in determining the direction of the price of the worlds most famous cryptocurrency. Investors, both large and small, remain on standby, ready to react to the next signal.