“The address has already changed up,” says Cryptoquant analyst.
Buying pressure is currently predominated.
The Bitcoin (BTC) market has shown a notable change since April 2025, according to the analyst known as “Crypto Dan” of the on-chain data provider, Cryptoquant.
The analyst Point out that “the address has already changed up”, Marking a turning point in the behavior of the great players.
This rotation is reflected in the attached graph, where the red arrow indicates the moment in April when the selling pressure of the whales – investigists with more than 1,000 BTC – and institutions of the United States began to decrease, while the yellow box highlights the current predominance of the buying pressure.
Since March to mid -April (approximately, to where the red arrow points), the GAP It is predominantly negative (red), suggesting that Bitcoin It was quoting at a lower price in institutional coinbase compared to others Exchange. This indicates a lack of strong institutional demand or sales pressure by institutional coinbase investors.
While from mid -April in early May there is a significant change. He GAP It becomes strongly positive (the green area rises drastically). This indicates a strong influx of purchase demand by large investors In institutional coinbase.
The yellow box, centered between May and June, It shows a stabilization in the GAP, indicating that the buying pressure exceeds the seller. The red arrow points to a previous capitulation point, where mass sales have decreased, aligning with recent accumulation.
Whale rearrangement
As Cryptonoticia reported, the new whales have registered significant movements. These accumulated 641 million dollars for benefits made and faced 1,240 million in losses made, reflecting a dynamic of capitulation and profits in the last week of June.
On the other hand, the old whales, Investors who have maintained BTC for more than a decade, adopted a more stable position.
These took $ 91 million in benefits with minimal losses, evidencing a sustained accumulation strategy. This confluence of shares seems to have reached a point of local exhaustion, marking a key moment in the market.
Increase in institutional investment
At the same time, public contribution companies have strengthened their investment in Bitcoin. In the second quarter of 2025, They acquired 131,000 BTC, which raised their reservations by 18%.
The quoted funds (ETF) focused on the digital currency added 111,000 BTC, with an increase of 8%.
This data highlights that, by third consecutive quarter, companies exceed the purchases of ETFs, pointing to a greater institutional commitment to the asset.
Perspective towards the second half of 2025
Crypto Dan describes that Bitcoin crosses a consolidation phase, a period where the market resolves short -term overheating. This implies a pause after rapid price movements, allowing supply and demand to stabilize before new trends.
Although a correction remains possible, The analyst maintains an upward perspective and expects developments in the second half of 2025aligning with the ascending address observed in the current data.
