Bitcoin's market structure has been noting a significant shift after whale addresses reached levels not seen since December 2017...
market structure has been noting a significant shift after whale addresses reached levels not seen since December 2017. The shift seems to be corresponding with the crypto’s price action testing the crucial resistance above $105,000.
This institutional positioning comes amid a clear divergence between long-term and short-term holder behavior. The trend also paints a compelling picture of market maturity.had surged to 17,799 – Marking its second-highest level since December 2017. This milestone coincided with BTC’s latest push to $105,841.64 – A sign of strategic accumulation by institutional players.
Exchange holdings, represented by gray bars, underlined periodic spikes above 600,000 BTC. This, again, hinted at strategic institutional positioning rather than panic selling.price action maintained its bullish momentum on the charts, with the 50-day moving average at $97,942.19 providing dynamic support well above the 200-day MA at $74,604.73.The recent trading volume of 3.05K BTC at $103,054.
However, traders should closely monitor the $105,000 resistance level. A decisive break above this threshold could trigger the next significant move.Adewale is a full-time journalist at AMBCrypto. While he is increasingly fascinating by the world of blockchain and cryptocurrencies, Adewale holds a degree in International Relations. Besides working on insightful articles that touch upon the crypto-space's hottest issues, he finds joy in supporting Manchester United and Afrobeat music.
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