Bitcoin continues to strengthen its upscale path, as it is currently being traded at the level of 94,288 dollars after an increase of 1.6% during the past twenty -four hours, and thus the currency has achieved approximately 15% gains during the past two weeks, which helped it to reflect the previous correction stage and its approach to testing the $ 100,000 barrier again.
Bitcoin financing rates are low despite the rise in prices
According to the analysis published by “Nino”, an analyst on the “Crypto Quant” platform, Bitcoin financing – which is usually used to measure the general mood in the permanent contract market – has declined to the negative area again, and although whale collection continues on major platforms such as Pinns and Coin Piece.
Nino pointed to a noticeable development in the Bitcoin derivative market, where the moving average of financing rates decreased over 72 hours, including indicators of MA, EMA and WMA to the negative area for the fourth time this year.
Negative financing rates mean that sales centers pay money for purchase centers, which usually indicates that the market takes a defensive position or turns into caution at the current price levels.
It is striking in this case that the previous decreases occurred at lower price levels, while this new decline came above the level of 94,000 dollars, and Nino suggests that this phenomenon may be an indication of the fatigue of the market or the start of a wave of profit reaping, where the speculators on the decline becomes more active despite the upscale movement of the prices, and if the fluctuations increase with the remaining financing rates, we may witness a wave of sudden qualifiers, especially if it increases if they increase Rapid financial leverage contracts.
The price gap in Queen Pace and whale behavior reflects the activity of American investors
In another analysis, analyst “Crypto Dan” of the “Crypto Quant” explained that the market has begun to have a reflection in the direction since around April 21, coinciding with the return of the purchase activity by senior investors or what they are known as whales, and these operations began first on the Bennes platform and then followed by similar activities on Queen Piece.
According to Dan, this pattern may indicate the escalation of confidence among American investors, in addition to a possible entry into institutional capital or members of high fortunes.
One of the indicators supporting this trend is the positive price gap between Queen Pace and other platforms, as the positive difference reflects the strength of demand in the American market.
Until the moment this gap is still in the positive area, which indicates that American investors are effectively contributing to pushing the Bitcoin momentum, and Dan concludes that the current stage may represent more than just a temporary price reversal, but rather it may be a sign of a broader shift in the market structure driven by new capital flows and institutions larger.
