On-chain data, that most droll of financial indicators, reveals that institutional investors have been aggressively purchasing Bitcoin and Ethereum during the recent market dip.
This surge in institutional activity, if one can call it that, hints at a potential stabilization and reversal of the recent bearish trend, though one might wonder if it’s merely a temporary reprieve before the next plunge. 📉💸
Bitcoin Demand Sees Record Surge in 48 Hours
According to CryptoQuant’s “Bitcoin: Apparent Demand (30-day sum)” metric, Bitcoin’s net buying demand surged dramatically from -79.085k BTC on November 6 to +108.5819k BTC two days later. This steep increase is the sharpest movement recorded in the indicator all year. A veritable circus of supply and demand, if you will. 🎪
The ‘Apparent Demand’ metric compares Bitcoin production (supply) with the behavior of Long-Term Holders (LTHs). This comparison measures the true strength of net buying demand, though one might question whether it’s merely a game of musical chairs with digital gold. 🏆
It tracks the cumulative net demand over the past 30 days, using on-chain movements of spot BTC. This methodology helps analysts distinguish between speculative, price-driven flows and genuine, structural accumulation. Or, as I like to call it, the difference between a drunk man stumbling into a casino and a seasoned gambler with a strategy. 🃏
Historically, a flip from negative to positive is known as a “demand pivot.” This event signals the entry of new institutional capital and is often a precursor to a substantial price rebound or the establishment of a robust support base. A ‘demand pivot,’ one might say, is the financial equivalent of a well-timed punchline. 😄
Whale Activity Spikes at Ethereum Lows
Evidence of institutional purchasing, or at least the illusion of it, was also captured in Ethereum’s on-chain data. CryptoQuant analyst ShayanMarkets revealed in a Monday report that a brief surge in whale-led activity was detected during ETH’s decline to the $3.2K level. A whale, one might imagine, is less a creature of the sea and more a creature of the wallet. 🐋
The analysis shows that whale order activity (green) had previously concentrated at the short-term low in April. A similar pattern was observed during the recent drop from $4.5K down to $3.2K. It’s as if the whales are playing a game of chess, while the rest of us are trying to figure out the rules. 🏰
ShayanMarkets assessed this shift: “This change implies that larger market participants are re-entering exposure at discounted prices, while retail traders remain cautious.” A sentiment as rare as a well-timed sunrise in a financial crisis. ☀️
The analyst further suggested a bullish path forward. He stated that if this behaviour persists and the $3K-$3.4K region holds as structural support, Ethereum may be entering a low-volatility accumulation zone, setting up for a potential final bullish impulse toward the upper range of $4.5K-$4.8K. Or, as I like to call it, the grand farce of market cycles. 🎭
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2025-11-11 01:47