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23.04.202609:09 Forex Analysis & Reviews: BTC moving into hands of strong players: long-term holders aggressively buying

Relevance up to 02:00 2026-04-24 UTC--4

Today, Bitcoin notched a new record during Asian trading, signaling continued interest from large investors. However, it is difficult to predict how long this surge in demand will last.

Exchange Rates 23.04.2026 analysis

As the latest data show, since the start of the year, there has been a shift of Bitcoin holdings toward long-term holders—also known as "whales." These investors, showing confidence in the crypto's future, are actively buying BTC from shorter-term players who tend to take profits at the first sign of market moves or panic.

Data analysis shows significant activity from long-term holders: over the past 30 days, they acquired roughly 303,000 BTC. Notably, about 53,000 BTC of those purchases were made by investors following a specific strategy, which may indicate a coordinated accumulation approach. Meanwhile, short-term holders have been selling, offloading about 290,000 BTC over the same period.

This dynamic suggests that the market's major players, with substantial capital and a long-term outlook, see an opportunity to accumulate. The transfer of bitcoins into the hands of more resilient investors—less susceptible to short-term swings and panic—could help stabilize the price after the recent large sell-off and lay the groundwork for a subsequent uptrend.

Trading recommendations

Exchange Rates 23.04.2026 analysis

Bitcoin

Buyers are currently targeting a return to $78,700, which opens a direct path to $80,900 and then $83,100. The far target is the high around $85,600; surpassing that would signal attempts to resume a bull market. On a decline, buyers are expected at $76,800. A move below that area could quickly push BTC toward $75,000, with the far downside target around $73,100.

Exchange Rates 23.04.2026 analysis

Ethereum

A clear hold above $2,382 opens a direct path to $2,459. The far target is the high near $2,575; breaking that would indicate strengthening bullish sentiment and renewed buyer interest. On a drop, buyers are expected at $2,308. A return of the instrument below that area could quickly push ETH toward $2,244. The far downside target would be around $2,162.

What's on the chart

  • The red lines represent support and resistance levels, where the price is expected to either pause or react sharply.
  • The green line shows the 50-day moving average.
  • The blue line is the 100-day moving average.
  • The lime line is the 200-day moving average.

Price testing or crossing any of these moving averages often either halts movement or injects fresh momentum into the market.

*A análise de mercado aqui postada destina-se a aumentar o seu conhecimento, mas não dar instruções para fazer uma negociação.

Jakub Novak,
Analytical expert of InstaSpot
© 2007-2026
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