The Bitcoin (BTC) market lives a moment of inflection. The whales, those great investors that accumulate more than 1,000 BTC, have returned to the field of profits, a movement that analysts interpret as a sign of structural changes in the cryptoactive cycle.
With the price of Bitcoin reaching $ 97,000, a level not seen since February, The behavior of these key actors is under the magnifying glass, since their decisions could define the market trajectory in the coming months.
Who are Bitcoin whales and why do they matter?
In the cryptocurrency ecosystem, whales are large -scale investors, from individuals with high heritage to corporate institutions and treasury.
Its influence lies in the volume of its operations, which reflect conviction and long -term strategies. According to a German Carmelo analysis shared by Cryptoquant, The movements of these whales usually anticipate transformations in market cycleswhich makes them a thermometer of the Bitcoin dynamics.
To understand its impact, German divides whales into two categories according to the Tenure time: long -term holders (LTH), with more than 155 days, and short -term holders (STH), with less than 155 days.
This distinction is key, since tenure time determines its role in market stability or volatility.
A Marea Change: All Bitcoin whales in earnings
Since April 22, the panorama for whales has changed dramatically. Before that date, the STH whales, also known as young whales, faced losses, with a price of $ 90,000 compared to an 85,000 market price, says the analyst.
On the other hand, the LTH whales, with a price made of $ 31,000, were already on positive terrain. This disparity generated a potential sales pressure that kept the market in suspense.
The following graph illustrates this transition. The purple line, which represents the Bitcoin market price, fell below the price of the STH whales (turquoise line) before April, while LTH whales (blue line) remained comfortably in profits. Since then, the price rebound has raised the purple line above both, confirming the recovery of all whales.
However, the recent price rebound, which led Bitcoin to quote between 96,000 – $ 97,000, has reversed the situation. Now, both LTH and STH whales are in unrealized earnings.
Young whales, in particular, record a benefit greater than 7% based on their average entry. This return to profitability reduces the probability of mass sales and reinforces market confidenceattracting new capital to the cryptoactive.
Alcista impulse and macroeconomic signs
The promotion of the price of Bitcoin, which yesterday reached $ 97,000, coincides with external factors that have fueled enthusiasm.
As Cryptonoticia reported, negotiations between China and the United States in the framework of the tariff war have given an additional impulse to the cryptoactive.
This context has allowed Bitcoin to recover levels not seen in more than two monthsconsolidating a higher maximum pattern that suggests a structural change.
However, the analysis firm Glassnode warns that the road is not exempt from obstacles.
The price currently moves in a range of 93,000 to $ 97,000, an area that coincides with the minimum of a consolidation phase observed between November 2024 and February 2025. This level represents a critical resistance that Bitcoin must exceed to avoid a setback.
Bitcoin to $ 100,000 or an imminent correction?
The behavior of young whales, now in profits, is a factor that reduces the risk of mass sales and could catalyze an increase phase if macroeconomic conditions allow it.
According to Glassnode, if BTC manages to consolidate above the range of 95,000 to $ 98,000, I could face a minimum opposition until reaching $ 100,000.
On the contrary, If the price fails to stay at these levels, a correction could be on the horizon. The area from 93,000 to $ 97,000 is emerging as a turning point, where the action of whales and market dynamics will determine the next movement.
The return of Bitcoin whales to profits marks a crucial moment for cryptoactive. Its behavior, combined with a macroeconomic environment in boiling, is strengthening a medium -term bullish narrative.