Encrypted data shows an increase in investor demand for Bitcoin, with wallets rising 1K-10k BTC faster than the 30-day average.
Bitcoin prices have recently experienced significant fluctuations, falling below $75,000. Meanwhile, BTC prices It won nearly $9,000 from its recent lows and temporarily won $83,500.
Although they were unable to maintain their further climbing momentum, Bitcoin’s current price has exceeded $81,000 after a minor correction. Its market capitalization is currently at $1.62 trillion, an advantage over the alternative cryptocurrency by 60%.
In the recent Bitcoin recovery, large crypto investors have been loading bags. Data from Cryptoquant reveals that the number of wallets holding 1,000-10,000 BTC is growing faster than the 30-day average.
This trend is considered bullish and reflects the strong confidence of investors in Bitcoin’s future. These investors usually exclude exchanges and mining pools, but are often seen as key players who maintain the value of Bitcoin as a store of both investment assets and value.
Furthermore, the rise in the balance between these large holders coincides with Bitcoin’s recent price rise. Once Bitcoin exceeds $81,000, the market appears to be resilient despite external market pressure.
The demand for large investors for Bitcoin is accelerating.
The balance of wallets holding 1K-10K BTC is rising faster than the 30-day average.
It is usually bullish and shows strong investor trust. pic.twitter.com/hr5rumj6a6
– cryptoquant.com (@cryptoquant_com) April 10, 2025
Analysts Predict Bitcoin’s Future Movement
The obviously rising metrics provide insights into Bitcoin’s potential trajectory. Enzy Bitcoin, an active analyst at X; I’ll point it out Every time Bitcoin closes the price gap, it tends to bounce upwards.
He highlights the recent gap between $70,000 and $75,000, suggesting that Bitcoin could soon reach $130,000, as it saw a massive price rise. This pattern has been consistent in the past, giving analysts confidence in Bitcoin’s ability to rebound after filling these price gaps.
Furthermore, another well-known analyst, Bitbull; I’ll compare Bitcoin’s current behavior on recent volatility in the US stock market.
The traditional market is struggling, but Bitcoin has been stable above $80,000, indicating its advantage and resilience. With Bitcoin holding the company, some analysts believe that anything under $100,000 is still considered an opportunity for investors.
BTC Long-Term Growth
Meanwhile, analyst Carl Moon It was provided Bitcoin’s optimistic long-term outlook. He explains that it is important to understand the market cycle, especially during periods of price fluctuations, such as those seen in bear traps.
Moon expects Bitcoin could surge to $500,000, but the top altcoins could also grow significantly.
