After a weekend dip, Bitcoin regained its $100,000 price mark and updated its short-term strength amid geopolitical tensions.
At the time of writing, BTC is trading at $105,323, an increase of 4% over the past 24 hours. Price recovery arrives at a broader investor sentiment shift, both in chain actions and exchange activities.
A recent analysis from Cryptoquant analyst DarkFost sheds light on the multi-year transition between Bitcoin holders. Analysts have observed that Bitcoin addresses are depositing coins in exchange, a trend that has been persisting since the end of the market cycle in 2021.
This reduced activity does not necessarily suggest a decline in interest in BTC, but may suggest a change in the way investors interact with assets, and long-term strategies could become the norm.
Decreased deposits suggests structural market changes
According to DarkFost, between 2015 and 2021, Bitcoin numbers steadily increased the exchange, peaking at an average annual average of around 180,000 people. However, this upward trend has been reversing sharply in the years since.
Currently, the 10-year moving average occupying approximately 90,000, but the 30-day average has dropped to 48,000. Recently, daily numbers have dropped to just 37,000. DarkFost mentioned:
This reflects important behavioral changes among BTC investors and can be attributed to several important factors. — One major factor is the arrival of ETFs that allow for exposure to Bitcoin’s price performance without the complexity or risk of directly managing assets.
Furthermore, in the current market cycle, retail participation was relatively low, historically contributing to exchange deposits. More prominently, growing investors, from individuals to institutions, are dealing with Bitcoin as a long-term storage of value or as a Treasury reserve asset, rather than as a short-term speculative vehicle.
Crypto Analyst added:
These changes have slowly emerged over time, and are truly driving the evolving identity of Bitcoin in financial markets. Ultimately, it may be this transformation that ultimately strengthens the role of BTC as a store of value.
Bitcoin jelly accumulation patterns appear when the volume is low
In another analysis, another cryptographic analyst, Mignolet, focused on the activities of large owners of the Bibit exchange. He emphasized that whales’ trading patterns become more prominent as general market interest and trading volume decrease.
Mignolet noted that past emotion reductions and low volume periods often saw a significant accumulation of whales that historically preceded an upward price movement.
According to Mignolet, this pattern appears to be repeated. Since Bitcoin’s local bottom in April, consistent accumulation by large entities has been observed.
He suggested that this could be a signal of fundamental market confidence, especially when retail activity is minimal. Although forecasts are not guaranteed, historical similarities mean that such actions could once again precede a wider price intensity, lending weight to continuous integration as a potential setup for future momentum.
Special images created with Dall-E, TradingView chart
