Bitcoin price breaks a 31-month pattern, ready for a rebound
2026-08-05 21:04:10
According to CoinMeta, as reported by Coinpedia, the price of Bitcoin has broken through a pattern that lasted for 31 months, showing early signs of a rebound. CryptoQuant data indicates that long-term holders have begun to reduce their record-high supply of Bitcoin, and the whale inflow ratio Binance has reached its highest point in four months, indicating that activity among large investors is on the rise. The current trading price of Bitcoin exceeds $64,000, and the inflow of ETF along with $27.36 million in short squeeze provide analysts with reasons to believe that a new Bitcoin rebound may be underway. Analyst Darkfost pointed out that the whale inflow ratio Binance has climbed to 0.52, the highest level in the past four months. This indicator tracks the proportion of Bitcoin inflows Binance that come from large holders, which usually means that whales are sending more Bitcoin to exchanges, increasing potential selling pressure.
Source:Coinpedia
This content is for market information only and does not constitute investment advice.
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