search
Homeweb3.0Bitcoin (BTC) Market Now Characterized by 'Greedy Fearfulness' as Whales Load Up on Altcoins

Most major cryptocurrencies have continued on a shaky path booking losses over the past day. The largest asset itself, Bitcoin, is down 2.6% in the past 24 hours

Bitcoin (BTC) Market Now Characterized by 'Greedy Fearfulness' as Whales Load Up on Altcoins

Major cryptocurrencies have booked losses over the past day, with Bitcoin (BTC) returning to the trading range it was in before the Bitcoin 2024 conference.

The world’s largest cryptocurrency by market capitalisation is currently trading down 2.6% in the past 24 hours, according to data from CoinMarketCap.

This puts BTC at a price of US$64,595 (AU$98,795) at the time of writing.

Beam (BEAM) Defies Odds of Market Downtrend as Kaspa (KAS) Hits New All-Time Highs

The asset now appears to have returned to the trading range it was in before the Bitcoin 2024 conference in Miami, Florida.

The event was expected to give the market a boost with bullish announcements. While these came almost as expected, the rally didn’t follow.

Now, analysts at Swissblock have described the market as “greedy fearfulness or fearful greed”.

In a recent research note, the analysts reported that the setback in Bitcoin’s price momentum could be attributed to negative sentiment stirred by US government BTC movements and Mt. Gox’s large-scale Bitcoin transfers.

However, despite these challenges, the market has not shown significant panic, suggesting a tempered response among investors.

“This market behaviour aligns with the Speedometer, which indicates continued high sensitivity to external factors in Bitcoin’s price, with bearish price momentum,” the analysts wrote.

Whales Are Loading Up on Altcoins

Meanwhile, large investors are gearing up for a potential increase in the value of altcoins, despite the uncertain conditions, according to CryptoQuant analyst, CEO and founder Ki Young Ju.

The increasing limit buy order volume suggests that whales are not only anticipating but are actively trying to catalyse an upcoming rally in altcoins by creating substantial support levels that might help in driving up prices.

This action is strategic, as it not only secures the whales’ positions at preferential rates but also potentially influences market sentiment, encouraging others to invest as prices seem poised to rise.

In the meantime, while we wait for confirmation where the market is heading next, here’s what Aussie analyst Miles Deutscher thinks – not financial advice of course.

The above is the detailed content of Bitcoin (BTC) Market Now Characterized by 'Greedy Fearfulness' as Whales Load Up on Altcoins. For more information, please follow other related articles on the PHP Chinese website!

Statement
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
Which of the top ten currency trading platforms in the world are among the top ten currency trading platforms in 2025Which of the top ten currency trading platforms in the world are among the top ten currency trading platforms in 2025Apr 28, 2025 pm 08:12 PM

The top ten cryptocurrency exchanges in the world in 2025 include Binance, OKX, Gate.io, Coinbase, Kraken, Huobi, Bitfinex, KuCoin, Bittrex and Poloniex, all of which are known for their high trading volume and security.

Which of the top ten currency trading platforms in the world are the latest version of the top ten currency trading platformsWhich of the top ten currency trading platforms in the world are the latest version of the top ten currency trading platformsApr 28, 2025 pm 08:09 PM

The top ten cryptocurrency trading platforms in the world include Binance, OKX, Gate.io, Coinbase, Kraken, Huobi Global, Bitfinex, Bittrex, KuCoin and Poloniex, all of which provide a variety of trading methods and powerful security measures.

What are the top currency trading platforms? The top 10 latest virtual currency exchangesWhat are the top currency trading platforms? The top 10 latest virtual currency exchangesApr 28, 2025 pm 08:06 PM

Currently ranked among the top ten virtual currency exchanges: 1. Binance, 2. OKX, 3. Gate.io, 4. Coin library, 5. Siren, 6. Huobi Global Station, 7. Bybit, 8. Kucoin, 9. Bitcoin, 10. bit stamp.

What are the top ten virtual currency trading apps? The latest digital currency exchange rankingsWhat are the top ten virtual currency trading apps? The latest digital currency exchange rankingsApr 28, 2025 pm 08:03 PM

The top ten digital currency exchanges such as Binance, OKX, gate.io have improved their systems, efficient diversified transactions and strict security measures.

What currency does Ripple (XRP currency) belong to? Detailed tutorial for beginnersWhat currency does Ripple (XRP currency) belong to? Detailed tutorial for beginnersApr 28, 2025 pm 07:57 PM

Created by Ripple, Ripple is used for cross-border payments, which are fast and low-cost and suitable for small transaction payments. After registering a wallet and exchange, purchase and storage can be made.

Binance official website entrance Binance official latest entrance 2025Binance official website entrance Binance official latest entrance 2025Apr 28, 2025 pm 07:54 PM

Visit Binance official website and check HTTPS and green lock logos to avoid phishing websites, and official applications can also be accessed safely.

Sesame Open Door Official Website Entrance Sesame Open Door Official Latest Entrance 2025Sesame Open Door Official Website Entrance Sesame Open Door Official Latest Entrance 2025Apr 28, 2025 pm 07:51 PM

Sesame Open Door is a platform that focuses on cryptocurrency trading. Users can obtain portals through official websites or social media to ensure that the authenticity of SSL certificates and website content is verified during access.

Ouyi official website entrance Ouyi official latest entrance 2025Ouyi official website entrance Ouyi official latest entrance 2025Apr 28, 2025 pm 07:48 PM

Choose a reliable trading platform such as OKEx to ensure access to the official entrance.

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

Video Face Swap

Video Face Swap

Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Tools

VSCode Windows 64-bit Download

VSCode Windows 64-bit Download

A free and powerful IDE editor launched by Microsoft

SublimeText3 English version

SublimeText3 English version

Recommended: Win version, supports code prompts!

DVWA

DVWA

Damn Vulnerable Web App (DVWA) is a PHP/MySQL web application that is very vulnerable. Its main goals are to be an aid for security professionals to test their skills and tools in a legal environment, to help web developers better understand the process of securing web applications, and to help teachers/students teach/learn in a classroom environment Web application security. The goal of DVWA is to practice some of the most common web vulnerabilities through a simple and straightforward interface, with varying degrees of difficulty. Please note that this software

SublimeText3 Chinese version

SublimeText3 Chinese version

Chinese version, very easy to use

SecLists

SecLists

SecLists is the ultimate security tester's companion. It is a collection of various types of lists that are frequently used during security assessments, all in one place. SecLists helps make security testing more efficient and productive by conveniently providing all the lists a security tester might need. List types include usernames, passwords, URLs, fuzzing payloads, sensitive data patterns, web shells, and more. The tester can simply pull this repository onto a new test machine and he will have access to every type of list he needs.