Retail Investors Have Been Unwinding Their Crypto Positions

Retail investors have been steadily unwinding their crypto positions, owing to the broader market uncertainty.

Retail investors have been steadily unwinding their crypto positions, shifting their attention to the metaverse and Web3 despite the broader market uncertainty. Meanwhile, whales, institutions, and other smart money players are quietly accumulating, positioning themselves for a potential breakout rally.

Bitcoin remains the most sought-after crypto asset, with major stakeholders aggressively buying the dip during April’s volatility. However, smart money investors are also accumulating altcoins, which indicates that the highly anticipated “altseason” could be on the horizon. Ethereum, Cardano and low-cap cryptos like BTC Bull (BTCBULL) are currently among the most in-demand assets.

Bitcoin

There is growing evidence that the Bitcoin bottom is already in and a new all-time high is next. BTC has breached its macro descending trendline and has continued to hold above it despite several retests. While it still faces key resistance levels above it, the surge in whale buying activity suggests that a major bullish breakout is imminent.

A report from on-chain data platform Santiment reveals that top stakeholders — wallets holding between 10 and 10,000 BTC — heavily accumulated Bitcoin amid the April volatility. The wallets, which currently hold 67.7% of the entire Bitcoin supply, added 53.6k BTC since March 22nd.

Prominent analyst Ali Martinez has highlighted that 15,000 BTC have been withdrawn from exchanges in the past week alone, which indicates strong buying pressure on the top cryptocurrency despite the relatively flat price action.

On-chain data platform Lookonchain has flagged significant BTC accumulation from whales and institutions. A crypto wallet related to Abraxas Capital purchased $42.64 million worth of Bitcoin from Binance on Friday, bringing its total investment in BTC over the past 4 days to $250 million.

Such heavy investments give credence to projections that the Bitcoin downtrend is over and a new all-time high is next. Popular TradFi firm Fundstrat’s CEO Tom Lee projects that the BTC price could hit $150,000 in 2025.

As the cryptocurrency market continues to be affected by macroeconomic trends, investors are keeping a close eye on various indicators to anticipate the market's movements.

One interesting development highlighted by analyst Ali Martinez is that the lower band of the MVRV ratio, a measure that compares the market value of crypto assets to their realized value, has historically served as a good entry point for Ethereum.

According to Martinez, every time the price of ETH dropped to the lower MVRV price band, which is said to indicate oversold conditions, it presented an excellent opportunity for investors to accumulate the second-largest cryptocurrency.

"It seems like we're at that lower band again, and we're seeing some serious money flowing into ETH. Could this be the time to finally go long on Ethereum?" Martinez asked.

Indeed, data from on-chain monitoring service Lookonchain reveals that a Metalpha-linked wallet has invested over $48 million in ETH since April 1.

Another large crypto wallet, which is reportedly part of Huobi, appears to be accumulating BTC, ETH, and AVAL in anticipation of a potential breakout. The wallet, which started with a balance of 10 BTC, has purchased 1,000 ETH in three separate transactions over the past 24 hours.

Moreover, an XVG-related wallet has been actively buying BTC, accumulating over $160 million in Bitcoin since March 22.

The sustained buying pressure from major stakeholders, coupled with the MVRV ratio reaching the lower price band, might suggest that the market is setting the stage for a potential shift in trend.

BTC

While the meme coin market has seen its fair share of ups and downs, one project that has managed to capture the attention of investors is BTC Bull (BTCBULL).

The project, which aims to provide a new way for investors to benefit from Bitcoin’s long-term potential, has now raised over $4.8 million in short order despite the broader market uncertainty.

Unlike any other meme coin, BTC Bull is not focused on hype or speculation. Instead, it is tying itself to Bitcoin’s viability, an approach that has appealed to whales and smart money investors.

The project is built on the belief that Bitcoin is fundamentally undervalued at its current price and will reach $250k in the mid-term and $1 million in the long term.

BTC Bull provides another avenue for holders to benefit from the token’s march to those milestones. BTCBULL holders will earn free massive BTC airdrops when the Bitcoin price hits certain set milestones. Besides, they will also benefit from token burn events, BTCBULL airdrops and staking rewards at other milestones.

This new concept has caught the attention of whales and smart money investors alike, many of whom are calling it the next 100x crypto.

Visit BTC Bull Presale

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