In the meantime, the next phase for Bitcoin depends on the Fundamental Index flipping toward the upside once again and regaining above the strengthening zone. If the key metric doesn’t recover, this kind of divergence typically does not support a sustained recovery in the medium term.
Large BTC Investors Have Gone Quiet Amid VolatilityWhile Bitcoin’s next trajectory remains uncertain and unclear in the short term due to the current negative cryptocurrency environment, the sentiment of large investors is beginning to turn bearish. Amid increased price volatility, these holders’ participation has significantly decreased, indicating a change in top-end market behavior.
Over the past week, there have been 6,417 BTC transfers worth over $100,000+ on a daily basis, marking the lowest level since September 2023. Meanwhile, for BTC transfers valued at +$1 million, there have been 1,485 conducted daily within the same period, representing the lowest level since October 2024. In such a volatile period, these investors appear to be taking a more cautious, wait-and-see approach.
