{"id":65294,"date":"2025-05-10T00:30:53","date_gmt":"2025-05-10T00:30:53","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=65294"},"modified":"2025-05-10T00:30:53","modified_gmt":"2025-05-10T00:30:53","slug":"bitcoin-whale-entry-prices-diverge-sharply-confidence-builds-at-higher-levels","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=65294","title":{"rendered":"Bitcoin Whale Entry Prices Diverge Sharply \u2013 Confidence Builds At Higher Levels"},"content":{"rendered":"

Bitcoin has surged to $104,300, confirming the uptrend and reinforcing the bullish outlook that many analysts projected for 2025. This move places BTC deep into range-highs territory, with the next major challenge now clearly in sight: the all-time high at $109,000. The market\u2019s strength comes on the back of strong technical performance and increasingly optimistic sentiment, as BTC continues to lead the crypto rally and altcoins follow suit.<\/p>\n

On-chain data from CryptoQuant adds further weight to the bullish narrative. One standout metric highlights the growing confidence among large holders: the absolute difference between the Realized Price of new whales and old whales now stands at $59.7K. Specifically, new whales have entered the market at an average price of $91.9K, while old whales\u2019 basis remains at $32.2K. This translates to a 185% relative spread to the long-term holder (LTH) basis\u2014a massive divergence.<\/p>\n

This wide gap signals that a new wave of high-conviction buyers is entering the market at significantly elevated prices. Unlike the cautious whale accumulation during previous cycle lows, this phase reflects strong belief in continued upside<\/a>, even at premium levels. It\u2019s a clear sign that institutional FOMO may be kicking in.<\/p>\n

Bitcoin Faces Resistance At $104K As Whale Activity Signals Growing FOMO<\/h2>\n

Bitcoin is currently encountering resistance around the $104,000 mark\u2014a level that may take time to break as it represents a critical barrier before entering price discovery above the all-time high near $109,000. The recent rally has shown remarkable strength, but as BTC consolidates just below its ATH, some selling pressure is expected.\u00a0 A successful breakout could lead to a swift surge beyond $109K; however, failure to do so may result in short-term consolidation or retracement.<\/p>\n

Top analyst Axel Adler shared key on-chain insights on X<\/a> that highlight the evolving psychology of Bitcoin\u2019s largest holders. According to Adler, the absolute difference between the Realized Price of new whales ($91.9K) and old whales ($32.2K) is $59.7K, representing a 185% relative spread to the long-term holder (LTH) basis. This sharp divergence reveals that new \u201cwhales\u201d are entering the market at nearly three times the price of early entrants.<\/p>\n

In comparison, the same spread in November 2022 was only 62%, indicating more cautious accumulation near the market bottom. The current surge to 185% reflects rising confidence and FOMO, with large buyers willing to accumulate even at elevated prices. For context, during the 2021 cycle peak at $63K, the spread widened to 437%.<\/p>\n

This trend suggests that the market is entering a more aggressive accumulation phase, where belief in higher prices is driving demand despite the premium. If bulls manage to absorb the resistance around $104K, it could mark the start of a parabolic move\u2014fueled not just by momentum, but by conviction from both retail and institutional players betting on a new Bitcoin all-time high.<\/p>\n

BTC Price Analysis: Key Levels To Watch<\/h2>\n

Bitcoin is trading around $103,000 after reaching a high of $104,300 earlier today. The 4-hour chart shows BTC facing resistance at the $103,600 level, which aligns with a key supply zone from late December 2024 and early January 2025. This area acted as a previous rejection point during the last major rally and is now being tested again as potential resistance.<\/p>\n

BTC\u2019s recent surge from the $87K\u2013$90K consolidation zone has been aggressive, breaking above both the 200 EMA and 200 SMA (currently at $91,806 and $89,400, respectively) with strong volume. This confirms bullish strength and trend continuation, suggesting that buyers are still in control. However, the current range between $103K and $104K is historically significant, and bulls may need to absorb selling pressure before attempting a move toward the all-time high near $109K.<\/p>\n

If BTC consolidates above $100K and holds this level as new support, it would strengthen the case for continued upside. On the flip side, failure to break above $103,600 cleanly could lead to a short-term pullback. Market structure remains bullish overall, but this resistance zone will be critical in determining whether Bitcoin enters price discovery or pauses for accumulation.<\/p>\n

Featured image from Dall-E, chart from TradingView<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin has surged to $104,300, confirming the uptrend and reinforcing the bullish outlook that many analysts projected for 2025. This move places BTC deep into range-highs territory, with the next major challenge now clearly in sight: the all-time high at $109,000. The market\u2019s strength comes on the back of strong technical performance and increasingly optimistic […]<\/p>\n","protected":false},"author":0,"featured_media":65295,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-65294","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/65294"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=65294"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/65294\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/65295"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=65294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=65294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=65294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}