CryptoQuant analysts have studied the behavior of different investor groups and highlighted those who are not interested in a BTC price drop.
This category includes whales who purchased bitcoin less than 155 days ago, as well as holders of cryptocurrency ETFs. The average purchase price for this group was $62,158, and they are focused on holding long-term, expecting further price growth. Their strategy is to hold the asset in anticipation of a potential market rally.
Next are the young whales who are aiming for a rapid increase in BTC. In case of a sharp drop, they may be forced to sell their assets to avoid significant losses. These investors act more aggressively and are prepared to react to short-term market changes to minimize risk.
Retail traders on major exchanges bought in at an average price of $55,388. They are satisfied with the current price but are ready to support bitcoin if there is a threat of it falling below $55,000. They act more cautiously, but in case of a strong decline, they may increase their positions, seeing it as an opportunity for better investment.
Large miners with balances exceeding 1,000 BTC are content with a price of $43,125, which represents their breakeven point. However, their strategy also accounts for potential market fluctuations, and they may accumulate assets while waiting for the price to recover after a significant dip.
Long-term investors are keen on ensuring that the cryptocurrency does not fall below $27,824. For them, market stability is key, and they are prepared to hold their positions for a long time, anticipating substantial growth in the future, even amid temporary price fluctuations.
Overall, the market shows a balance between different investor groups, each acting according to their own strategy, creating both support for bitcoin’s price and some volatility in the short term.
