Investors worry more about Bitcoin due to its falling price showing signs of changing market pattern. The main cryptocurrency sells for $81,086 with 1.7% daily growth but 2.3% weekly decrease. Investors continuously monitor Bitcoin technical indicators to predict its market next steps although its price remains well below its January peak.

Markets anticipate market trends from the relationship between the short-term investor profit ratio EMA at 155 and their investment results. CryptoQuant analyst Kripto Mevsimi believes that after reaching its current peak SOPR EMA (155) starts its descent into a market settlement phase. 

Bitcoin Correlates With Nasdaq Movements

Mevsimi suggests that if Short-Term Holder Spent Output Profit Ratio approaches 1 it can help create favorable conditions for another market rally. The market weakness typically grows stronger when SOPR registers a reading under 1. The early 2023 Bitcoin increase will keep its positive trajectory as SOPR returns to upward momentum.

Bitcoin shows stronger relations with the Nasdaq than with the S&P 500 market index. CryptoQuant analyst Darkfost reveals Bitcoin reacts to general economic trends especially U.S. monetary policy decisions and market mood. The outcomes for Bitcoin will depend heavily on events in the national economy especially central bank rate decisions and investor sentiment shifts.

Large Bitcoin holders show clear buying patterns although the market value goes up and down. Professional analysts tracked Bitcoin whale behavior and found that during the last 30 days these experts have accumulated 65,000 BTC. Major investors add available Bitcoin supply to their holdings as they resist selling their assets which helps to stabilize the market.

Institutional Buying Helps Bitcoin Prices

Miners and exchanges differ from large Bitcoin holders because they need to sell BTC to keep enough funds available. As whales buy BTC currently they follow the same pace they set from November through December 2023 which supported the price increase later that year. Whale investors buy more BTC even during market ups and downs which shows they see rising value ahead.

Market participants watch BTC due to its uncertain performance while waiting to see its next moves. Institutional buying supports BTC prices when whales continue to buy at a profit margin above 1. BTC tends to decline further before recovering when the selling power increases and the SOPR indicator shows value below 1.

Market watchers will study economic news and large wallet transactions to decide BTC next path in its hovering range. The movement of Bitcoin in the short run depends on how macroeconomics tie with technical indicators yet overall market sentiment stays positive toward its long-term buying power.