News

According to ChainCatcher, market analysis indicates that with the imminent release of the US CPI data, Bitcoin may face greater correction pressure.

Odaily reported that, according to analyst Murphy on the X platform, data shows that retail addresses holding less than 1 BTC have accumulated an additional 23,074 BTC over the past 30 days. Previously, there were three significant rounds of accumulation when Bitcoin was around $66,000, $70,000, and $80,000. Meanwhile, whale addresses holding more than 10,000 BTC have also begun large-scale accumulation since around $66,000. In the past 30 days, their balance increased by 140,699 BTC—the largest net increase in nearly two years—showing clear signs of position building. Analysts believe that most investors currently still participating in Bitcoin trading have experienced several cycles. The large inflow of whale funds also reflects that the market is moving in a direction with less resistance.

BlockBeats News, May 10th: Cryptocurrency analyst Murphy posted a message indicating that retail investors did not overwhelmingly short the current Bitcoin trend. He pointed out that addresses holding less than 1 BTC saw a balance increase of 23,074 BTC in the past 30 days and showed three significant accumulation phases near $66,000, $70,000, and $80,000. Murphy believes that most of the retail investors still in the Bitcoin market during this cycle are experienced "old players" who have been through altcoin and contract cycles. At the same time, whales holding over 10,000 BTC started accumulating massively around $66,000, with a peak balance increase of 140,699 BTC in the past 30 days, marking the largest net growth in nearly two years and demonstrating clear accumulation behavior. Murphy stated that the market always tends to move towards lower resistance levels, and with stronger support below the current levels, the price naturally tends to continue upward until it encounters stronger resistance.