Key control
Bitcoin is seeing the rotation of fresh whales and a greater accumulation of cost base, could this mark the beginning of a new phase of bullish accumulation?
Bitcoin [BTC] Resilience continues to appear in the fear and greed index.
From the April FUD of BTC, the metric has bounced twice on baseline 40.
In a nutshell, every fall in “fear” has encountered quick purchases that restore feeling to neutral, just where accumulation generally triggers.
Adding weight to that narrative, a new wallet on September 11 obtained 320 BTC ($ 36.45 million) directly from Gemini. In particular, that sets its cost base about $ 113K, in step with a three -point elevator in the index.
Source: X (chain lens)
In a nutshell, it is a fresh capital signal that turns to Bitcoin.
Why is that key? BTC only resisted three consecutive weeks of sustained sales pressure of latent OG whales. The $ 124K AT in mid -August caused a heavy distribution phase, which caused the price to $ 107K.
Now, with new whale wallets that absorb volatility and layers on a thick supply wall, Bitcoin’s supply dynamics is changing. That change could be the trigger for the fear and greed index to finally enter “extreme greed.”
Whale flows restore the Bitcoin supply curve
The new Wallet Movement Volcó Bitcoin Risk-on.
The fear and greed index increased up to 47, while BTC printed an intradic movement of 0.13% and was installed in the $ 114K band, placing the wallet in an unrealized gain of 1.06% in its cost.
But back, and this flow is related to a broader structural change. BTC’s limit for new whales reached a record of 45.8%, marking a greater accumulation of cost bases and a gradual transfer of OGS supply to new participants.
Source: Cryptoquant
In a nutshell, the 320 BTC retired is only the tip of a larger rotation.
With the support of this change, the OG Bitcoin whale made the limit has slipped from 60% in the $ 124K at 54% at the time of publication, even when BTC raised almost 5% of $ 107K, indicating that fresh capital is turning and absorbing the supply.
According to Ambcrypto, this marks a significant change in Bitcoin’s supply dynamics.
The new participants intervene at higher cost bases, potentially starting a broader accumulation phase with a fresh greed that begins to build.
