{"id":25104,"date":"2026-04-05T14:27:32","date_gmt":"2026-04-05T14:27:32","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bitcoin-bottom-or-bull-trap-whales-and-bears-disagree\/"},"modified":"2026-04-05T14:27:37","modified_gmt":"2026-04-05T14:27:37","slug":"bitcoin-bottom-or-bull-trap-whales-and-bears-disagree","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bitcoin-bottom-or-bull-trap-whales-and-bears-disagree\/","title":{"rendered":"Bitcoin bottom or bull trap? Whales and bears disagree"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p><strong>Bitcoin is showing mixed signals as on-chain data points in two different directions.\u00a0<\/strong><\/p>\n<div id=\"cn-block-summary-block_e4044c8e7d0df2b9754808153e2636c1\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>CryptoQuant said record Bitcoin inflows to accumulation addresses showed whales were quietly building positions daily.<\/li>\n<li>XWIN Research Japan said STH-SOPR near one showed short-term holders were selling at losses.<\/li>\n<li>Negative Coinbase Premium showed weak US demand, keeping Bitcoin bottom confirmation out of reach now.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>CryptoQuant analyst CW8900 said Bitcoin inflows to accumulation addresses are setting new records each day. The analyst said a large amount of BTC is moving into these wallets even as the market trades in a sideways range.<\/p>\n<p>According to CW8900, whale activity appears to be keeping price action stable while accumulation continues. The analyst <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cryptoquant.com\/quicktake\/69d26182aad6b62b015d905a-The-BTC-inflow-to-the-accumulation-address-is-breaking-new-records\" target=\"_blank\" rel=\"nofollow\">said<\/a> large holders are maintaining prices and adding Bitcoin instead of selling into the market and creating panic among smaller investors.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>CW8900 also said retail participation has thinned out. The analyst wrote that most retail investors have already left the market, leaving only a small group of participants while whales continue to build positions.<\/p>\n<p>That reading supports the view that large players are buying quietly during a period of weak volatility. CW8900 said the trend increases the chance of an upward move if buying pressure continues without major disruption to price.<\/p>\n<h1 class=\"wp-block-heading\"><strong>SOPR data points to continued pressure\u00a0<\/strong><\/h1>\n<p>XWIN Research Japan <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cryptoquant.com\/quicktake\/69d2101faad6b62b015d9015-Bottom-Not-Confirmed-%E2%80%94-SOPR-and-Coinbase-Premium-Reveal-Weak-Demand\" target=\"_blank\" rel=\"nofollow\">presented<\/a> a different view and said the market bottom is \u201cnot confirmed.\u201d The firm pointed to the Short-Term Holder SOPR, or STH-SOPR, which tracks whether short-term holders are selling Bitcoin at a profit or a loss.<\/p>\n<p>The report said the indicator is hovering around or below 1. That level usually shows that short-term holders are selling at a loss, a pattern often seen when weaker hands exit during a correction.<\/p>\n<p>XWIN Research Japan said this can appear in the early stage of bottom formation. Still, the firm said that selling pressure alone does not confirm a reversal unless buyers step in with clear demand.<\/p>\n<p>That is why the firm also focused on the Coinbase Premium Gap. The metric tracks the price difference between Coinbase and other exchanges and is often used as a signal for US spot demand.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Weak Coinbase premium keeps bottom debate open<\/strong><\/h2>\n<p>XWIN Research Japan said the Coinbase Premium remains in negative territory. The firm said that reading shows US investors are not buying Bitcoin aggressively at current levels.<\/p>\n<p>The report added that earlier bull phases often featured a steady positive premium, which helped support stronger upside momentum. That condition has not returned in the current market, according to the firm.<\/p>\n<p>Taken together, the two views show a divided setup for Bitcoin. Whale wallets appear to be absorbing supply, but weak US demand is keeping the \u201cbottom not confirmed\u201d argument in place for now.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin is showing mixed signals as on-chain data points in two different directions.\u00a0 Summary CryptoQuant said record Bitcoin inflows to accumulation addresses showed whales were quietly building positions daily. XWIN&hellip;<\/p>\n","protected":false},"author":1,"featured_media":24567,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-25104","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/25104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=25104"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/25104\/revisions"}],"predecessor-version":[{"id":25105,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/25104\/revisions\/25105"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/24567"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=25104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=25104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=25104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}