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Bitcoin sees fresh whale rotation and higher cost-based accumulation can be the start of a new bullish accumulation phase?
Bitcoin’s [BTC] Resilience continues to appear in the anxiety and greed index.
Since BTC’s April Fud, the metric has been divested twice from the 40 Baseline.
Simply put, every dip in ‘fear’ is confronted with fast buy-ins who reset sentiment to neutral, exactly where accumulation usually flows.
Add weight to that story, created a new wallet on 11 September 320 BTC ($ 36.45 million) directly from Gemini. In particular, it confirms that its cost base near $ 113k, in step with a three -point lift in the index.
Source: x (Onchain -Lens)
Simply put, it is a signal of fresh capital that runs in Bitcoin.
Why is that key? BTC has just passed three consecutive weeks of persistent sales pressure due to dormant OG whales. The $ 124k ATH in mid -August led to a heavy distribution phase, which sent the price to $ 107k.
Now, with new whale portfolios that absorb volatility and layer in a thick bid wall, the supply dynamics of Bitcoin are shifting. That shift could be the trigger for the fear and greed index to finally break into ‘extreme greed’.
Whale flows reset the Bitcoin supply curve
The new wallet movement reversed Bitcoin-Risico-on.
The Anxiety and greed index Tapped up to 47, while BTC pressed an intraday movement of 0.13% and settled in the $ 114k band, so that the wallet had set a non -realized profit on the cost basis on the costs.
But step back, and this power is in line with a wider structural shift. BTCs realized CAP For new whales reached a record of 45.8%, with higher cost-based accumulation being marked and a gradual transfer of delivery from OGS to newer participants.
Source: Cryptuquant
Simply put, the 320 BTC return is just the tip of a larger rotation.
Support this shift, OG Bitcoin Whale Realized cap Has fallen on the 60% press on the ATH of $ 124k on the press, even if BTC reduced almost 5% from $ 107k, indicating that fresh capital rotates and sucks the range.
According to Ambcrypto, this marks a meaningful shift in Bitcoin’s supply dynamics.
New participants are approaching higher costs, which may start a broader battery phase with fresh greed that starts to build.