{"id":37805,"date":"2025-11-07T09:23:24","date_gmt":"2025-11-07T09:23:24","guid":{"rendered":"https:\/\/financialrush.com\/?p=37805"},"modified":"2025-11-07T09:23:24","modified_gmt":"2025-11-07T09:23:24","slug":"what-does-it-mean-for-bitcoins-price","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=37805","title":{"rendered":"What Does it Mean for Bitcoin’s Price?"},"content":{"rendered":"

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\n\t\t\t\t\t\t\t\t\tBitcoin whales added 10,000 BTC in 24 hours as price nears key support. On-chain and technical data show both warning signs and rebound signals.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n

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In the last 24 hours, large Bitcoin holders, also known as whales, have added more than 10,000 BTC to their wallets. This comes from on-chain data shared by analyst Ali Martinez.<\/p>\n

Meanwhile, the move follows a steady period of selling, making this sudden shift in accumulation noteworthy as Bitcoin trades near major support.<\/p>\n

Whales Accumulate While Price Falls<\/h2>\n

Whale wallets holding between 1,000 and 10,000 BTC have started buying again. This resurgance in activity has taken place after a month-long decline in holdings.<\/p>\n

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Over 10,000 Bitcoin $BTC<\/a> bought by whales in the last 24 hours! pic.twitter.com\/5N3JKqY2fb<\/a><\/p>\n

\u2014 Ali (@ali_charts) November 6, 2025<\/a><\/p>\n<\/blockquote>\n

At the same time, Bitcoin has dropped by nearly 7% over the past week. The asset is currently below $102,000, and trading volume remains high at nearly $70 billion in the past 24 hours.<\/p>\n

Additionally, data from CryptoQuant shows the Exchange Whale Ratio has fallen to around 0.40 to 0.45, the lowest range in a month. This ratio measures how much BTC whales are sending to exchanges. A lower figure means fewer coins are being moved to platforms where they could be sold. This suggests whales may be holding or buying instead of preparing to sell.<\/p>\n

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Source: CryptoQuant<\/figcaption><\/figure>\n

Another metric, the Profit and Loss Margin for short-term holders, is now at -11.16%. When this number has dropped below -12% in the past, Bitcoin has often reversed its trend. Martinez noted<\/a> that \u201cBitcoin has always rebounded when traders\u2019 realized losses fell below -12%<\/em>\u201d in the last two years. With the current figure nearing that level, many are watching closely for a possible bounce.<\/p>\n

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Price at Long-Term Support Levels<\/h2>\n

Bitcoin has reached the 50-week exponential moving average, a level that has historically supported prices during past market corrections. Analyst Rekt Capital shared<\/a> that the RSI is near 44.5, an area where previous recoveries have started. According to them, the price and RSI need to form higher lows for a reversal to take shape.<\/p>\n

Still, not everyone agrees. Crypto Patel said<\/a>, \u201cBTC breakdown confirmed, structure flipped bearish<\/em>,\u201d warning that the next level to watch could be $83,610. They added that only a move above $116,400 would cancel this outlook.<\/p>\n

CryptoPotato<\/em> also noted<\/a> that Bitcoin is now testing the 50-week simple moving average, a line that has marked sharp corrections in the past when broken. If the price does not hold above it, the risk of further downside grows.<\/p>\n