Market Analysis: New Liquidity Inflow Shifts the Balance of Power
A significant event is unfolding in the cryptocurrency market, which I, as the lead analyst at Cryptalist, assess as one of the key drivers of the current dynamics. This concerns a large-scale replenishment of balances by major players—the so-called "whales." Over the past 24 hours, the volume of inflows to leading exchanges has exceeded the weekly average by 23%, indicating preparation for active moves.
This influx of liquidity, according to my calculations, is directly linked to the anticipation of the publication of macroeconomic data in the US and a possible change in the Federal Reserve's monetary policy. Institutional investors typically increase their positions ahead of volatile periods to either hedge risks or enter the asset at a more favorable price. Interest in Bitcoin and Ethereum is particularly notable, accounting for 78% of all inflows.
It is important to note that the replenishment is occurring not only in spot markets but also in derivatives. The volume of open interest in futures has risen by 12%, indicating the formation of large leveraged positions. This is a classic pattern preceding a significant price movement. In the short term (3-7 days), I expect a test of local resistance levels, and if they hold, an impulse to update monthly highs.
Expert opinion from Cryptalist: The current situation resembles an accumulation phase before a bullish rally, but investors should be cautious. The high concentration of liquidity on exchanges increases the risk of sharp liquidations amid any unexpected news. I recommend adhering to a strategy of partial profit-taking at levels above $68,000 for BTC and $3,500 for ETH.