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New Bitcoin Whales Emerge In Two Months – Institutional Demand Rising Again? | Bitcoinist.com
Related Reading: Ethereum Supply On Exchanges Plummets – Is A Supply Squeeze Coming?Despite the intense pressure, there are emerging signals that some long-term players still see value at these levels. According to recent data from Glassnode, 76 new entities holding over 1,000 BTC have joined the network in the past two months. This 4.6% increase in large holders — often associated with institutional players or high-net-worth individuals — adds a glimmer of hope amid the gloom. Historically, whale accumulation during downturns has preceded recovery phases in Bitcoin’s price cycle.
Still, caution dominates the current landscape. If BTC fails to reclaim lost ground soon, the bearish outlook may strengthen. For now, all eyes remain on how Bitcoin reacts in the coming days as it hovers near key demand — and whether whale accumulation can offset broader market weakness.
Bitcoin Hovers Near $76K As Institutional Accumulation Offers A Glimmer Of Hope
Bitcoin is currently trading around $76,000 after several days of intense selling pressure and volatility. The broader market remains under stress as geopolitical tensions, economic uncertainty, and continued turbulence from US President Donald Trump’s aggressive trade and fiscal policies keep risk assets on edge. Crypto markets, in particular, have felt the full weight of investor fear, with Bitcoin now more than 30% down from its all-time high set earlier this year.
As bearish sentiment dominates, many analysts expect further downside in the short term. The failure to hold above key levels like $81K has weakened Bitcoin’s technical structure, and bulls now face a major challenge in reclaiming lost ground. The longer BTC lingers below crucial moving averages, the harder it becomes to spark a meaningful recovery rally.
Despite the gloom, there are signals that smart money is still active behind the scenes. According to on-chain data shared by top analyst Ali Martinez, 76 new entities holding over 1,000 BTC have joined the network in the last two months. This 4.6% increase in large holders points to rising institutional demand — a potentially bullish sign amid the broader decline.
Related Reading: Bitcoin Looks Stronger When Measured Against Equities’ Decline – Insights## Bitcoin Holds $75K But Bears Remain in Control
Bitcoin is currently trading at $77,000 after a volatile week marked by heavy selling pressure and repeated breakdowns of key support levels. While BTC remains above the critical $66,000 level — a zone considered the last line of defense in this cycle — the momentum clearly favors the bears for now. Bulls first lost control when Bitcoin failed to hold above the $90K mark, and the situation worsened significantly after the $80K level was breached yesterday.
Related Reading: Ethereum Whales Dump 500,000 ETH In 48 Hours: On-Chain DataOn the downside, a clean break below $75,000 could quickly accelerate losses and send Bitcoin tumbling toward the $70K region — or even lower. Market conditions remain fragile, and any resurgence in macroeconomic fears or further tightening in risk sentiment could act as a catalyst for another wave of selling. For now, Bitcoin hovers at a key inflection point, with the next few days likely to determine the short-term direction of the broader crypto market.
Featured image from Dall-E, chart from TradingView