Key Notes<\/h3>\n\n- Glassnode reveals that whales holding over 10,000 BTC are steadily accumulating.<\/li>\n
- Mid-sized investors (10\u2013100 BTC) are shifting back to accumulation after extended distribution.<\/li>\n
- Over 15,000 BTC moved from centralized exchanges to private wallets last week.<\/li>\n<\/ul>\n
Bitcoin (BTC) is trading steady around $84,500 after weeks of volatility that rattled investor sentiment. On-chain data from Glassnode points out that wallets holding over 10,000 BTC continue to demonstrate strong accumulation behavior.<\/p>\n
Meanwhile, investors holding between 10 and 100 BTC, usually considered mid-sized investors, are also shifting toward accumulation after months of distribution<\/a>.<\/p>\n\nWhales holding >10K $BTC<\/a> maintain a strong accumulation trend (~0.7), continuing to lead the market. Smaller cohorts \u2013 from <1 $BTC<\/a> to 100 $BTC<\/a> \u2013 are easing off their distribution, with the 10\u2013100 $BTC<\/a> group now hovering around 0.5, hinting at a potential pivot toward\u2026 pic.twitter.com\/DOYWAMch0G<\/a><\/p>\n\u2014 glassnode (@glassnode) April 18, 2025<\/a><\/p>\n<\/blockquote>\nInterestingly, data reveals that smaller cohorts are easing their sell-offs too, hinting that selling exhaustion might be setting in.<\/p>\n
Bitcoins Bullish Continuation Ahead?<\/h2>\n
Glassnode\u2019s weekly insights noted the absence of expanding unrealized losses among long-term holders. Historically, spikes in these losses have correlated with bear market confirmations. So far, this signal remains dormant, sending hope to bulls.<\/p>\n
Popular crypto analyst Ali Martinez also echoes the bullish sentiment, revealing that over 15,000 BTC have been withdrawn from centralized exchanges in the past week. This flow into cold storage suggests that investors are preparing for a bullish continuation.<\/p>\n
\nOver 15,000 #Bitcoin<\/a> $BTC<\/a> have been withdrawn from exchanges in the past week! pic.twitter.com\/hXmnnb17er<\/a><\/p>\n\u2014 Ali (@ali_charts) April 18, 2025<\/a><\/p>\n<\/blockquote>\nAs Glassnode reported on April 17, Bitcoin\u2019s realized cap has hit a fresh all-time high of $872 billion. However, the rate of inflow is showing signs of fatigue, suggesting a weak appetite from newer entrants and institutional buyers alike.<\/p>\n
\n#Bitcoin<\/a>\u2019s realized cap has reached an all-time high of $872B, yet monthly growth has slowed to +0.9%. This indicates that while capital inflows remain positive, investor appetite is softening \u2013 signaling continued risk-off sentiment. pic.twitter.com\/XBgZP7NoWo<\/a><\/p>\n\u2014 glassnode (@glassnode) April 17, 2025<\/a><\/p>\n<\/blockquote>\nBitcoins BTC Price Outlook<\/h2>\n
On the daily BTC price chart<\/a>, the RSI is currently at 52. This leaves room for price action in either direction. An RSI dip below 47 would tilt momentum back to the bears, possibly dragging BTC to test support near $80,000 and then $76,000.<\/p>\n\n![](\"https:\/\/www.coinspeaker.com\/wp-content\/uploads\/2025\/04\/image2-21-230x115.png\")
<\/p>\n
BTC price chart | Source: Trading View<\/p>\n<\/div>\n
Bollinger Bands have significantly tightened with price hovering near the upper band, around $84,600. A sustained hold above the middle band (20-day SMA) at $84,600 could trigger a move toward $90,000.<\/p>\n
However, traders could see significant resistance in the $87,000\u2013$88,500 region.<\/p>\n
Meanwhile, the blue MACD line is currently above the orange signal line with green histogram bars. This also indicates that short-term momentum is upward.<\/p>\n
\n![](\"https:\/\/www.coinspeaker.com\/wp-content\/uploads\/2025\/04\/image1-28-230x115.png\")
<\/p>\n
BTC price chart | Source: Trading View<\/p>\n<\/div>\n
It is important to note that BTC recently broke out from a 5-month long descending wedge pattern, further confirming the bullish shift.<\/p>\n
However, popular analyst Crypto Ceaser explains that breaching the EMA50 (Exponential Moving Average \u2013 50 day) remains critical to confirm a long-term bullish reversal. The key resistance zone near $87,000 must be reclaimed for the bulls to regain decisive control.<\/p>\n
\nIt\u2019s important for $BTC<\/a> \u2013 #Bitcoin<\/a> to break the EMA50. pic.twitter.com\/eG4lJ3B6jL<\/a><\/p>\n\u2014 Crypto Caesar (@CryptoCaesarTA) April 17, 2025<\/a><\/p>\n<\/blockquote>\nDisclaimer: <\/span>Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.<\/p>\nBitcoin News<\/a>, Cryptocurrency News<\/a>, News<\/a><\/span><\/p>\n\n\n\t\t\t ![\"bitcoins](\"https:\/\/www.coinspeaker.com\/wp-content\/themes\/cs\/images\/team\/parth-dubey-profile-photo-01.jpg\")
\n\t\t\t <\/figure>\n\nA crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.<\/p>\n
Parth Dubey on LinkedIn<\/a><\/p>\n<\/section>\n<\/div><\/div>\n
Bitcoin (BTC) is trading steady around $84,500 after weeks of volatility that rattled investor sentiment. On-chain data from Glassnode points out that wallets holding over 10,000 BTC continue to demonstrate strong accumulation behavior.<\/p>\n
Meanwhile, investors holding between 10 and 100 BTC, usually considered mid-sized investors, are also shifting toward accumulation after months of distribution<\/a>.<\/p>\n Whales holding >10K $BTC<\/a> maintain a strong accumulation trend (~0.7), continuing to lead the market. Smaller cohorts \u2013 from <1 $BTC<\/a> to 100 $BTC<\/a> \u2013 are easing off their distribution, with the 10\u2013100 $BTC<\/a> group now hovering around 0.5, hinting at a potential pivot toward\u2026 pic.twitter.com\/DOYWAMch0G<\/a><\/p>\n \u2014 glassnode (@glassnode) April 18, 2025<\/a><\/p>\n<\/blockquote>\n Interestingly, data reveals that smaller cohorts are easing their sell-offs too, hinting that selling exhaustion might be setting in.<\/p>\n Glassnode\u2019s weekly insights noted the absence of expanding unrealized losses among long-term holders. Historically, spikes in these losses have correlated with bear market confirmations. So far, this signal remains dormant, sending hope to bulls.<\/p>\n Popular crypto analyst Ali Martinez also echoes the bullish sentiment, revealing that over 15,000 BTC have been withdrawn from centralized exchanges in the past week. This flow into cold storage suggests that investors are preparing for a bullish continuation.<\/p>\n Over 15,000 #Bitcoin<\/a> $BTC<\/a> have been withdrawn from exchanges in the past week! pic.twitter.com\/hXmnnb17er<\/a><\/p>\n \u2014 Ali (@ali_charts) April 18, 2025<\/a><\/p>\n<\/blockquote>\n As Glassnode reported on April 17, Bitcoin\u2019s realized cap has hit a fresh all-time high of $872 billion. However, the rate of inflow is showing signs of fatigue, suggesting a weak appetite from newer entrants and institutional buyers alike.<\/p>\n #Bitcoin<\/a>\u2019s realized cap has reached an all-time high of $872B, yet monthly growth has slowed to +0.9%. This indicates that while capital inflows remain positive, investor appetite is softening \u2013 signaling continued risk-off sentiment. pic.twitter.com\/XBgZP7NoWo<\/a><\/p>\n \u2014 glassnode (@glassnode) April 17, 2025<\/a><\/p>\n<\/blockquote>\n On the daily BTC price chart<\/a>, the RSI is currently at 52. This leaves room for price action in either direction. An RSI dip below 47 would tilt momentum back to the bears, possibly dragging BTC to test support near $80,000 and then $76,000.<\/p>\n BTC price chart | Source: Trading View<\/p>\n<\/div>\n Bollinger Bands have significantly tightened with price hovering near the upper band, around $84,600. A sustained hold above the middle band (20-day SMA) at $84,600 could trigger a move toward $90,000.<\/p>\n However, traders could see significant resistance in the $87,000\u2013$88,500 region.<\/p>\n Meanwhile, the blue MACD line is currently above the orange signal line with green histogram bars. This also indicates that short-term momentum is upward.<\/p>\n BTC price chart | Source: Trading View<\/p>\n<\/div>\n It is important to note that BTC recently broke out from a 5-month long descending wedge pattern, further confirming the bullish shift.<\/p>\n However, popular analyst Crypto Ceaser explains that breaching the EMA50 (Exponential Moving Average \u2013 50 day) remains critical to confirm a long-term bullish reversal. The key resistance zone near $87,000 must be reclaimed for the bulls to regain decisive control.<\/p>\n It\u2019s important for $BTC<\/a> \u2013 #Bitcoin<\/a> to break the EMA50. pic.twitter.com\/eG4lJ3B6jL<\/a><\/p>\n \u2014 Crypto Caesar (@CryptoCaesarTA) April 17, 2025<\/a><\/p>\n<\/blockquote>\n Disclaimer: <\/span>Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.<\/p>\n Bitcoin News<\/a>, Cryptocurrency News<\/a>, News<\/a><\/span><\/p>\n A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.<\/p>\n Parth Dubey on LinkedIn<\/a><\/p>\n<\/section>\n<\/div><\/div>\n\n
Bitcoins Bullish Continuation Ahead?<\/h2>\n
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Bitcoins BTC Price Outlook<\/h2>\n
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\n\t\t\t <\/figure>\n