By Nermeen Nabil Khear 
TLDR
- Bitcoin is trading near $98,215 with a 0.42% gain in 24 hours, showing momentum toward the $100,000 mark
- Data shows a significant redistribution of Bitcoin from whales to “shark” investors (holding 100-1,000 BTC) who now have 20% market dominance
- U.S. CPI report expected to show slowing inflation at 0.3% month-on-month, down from December’s 0.4%
- Despite potential short-term gains from soft CPI data, forward-looking metrics suggest limited upside due to inflation concerns
- Exchange data reveals increased spot buying with 1,100 BTC purchased in 24 hours, up from 262 BTC the previous day
Bitcoin continues its upward trajectory in early 2025, trading at $98,215.61 with modest gains of 0.42% over the past 24 hours. The cryptocurrency market is showing clear signs of structural changes as various investor groups adjust their positions and new patterns emerge in trading behavior.
Market data reveals a notable shift in Bitcoin ownership patterns, with “shark” investors, those holding between 100 to 1,000 BTC, emerging as key players in the current market landscape. These medium-sized holders have accumulated a 20% share of the market, indicating a robust middle tier of investors actively participating in Bitcoin’s ecosystem.
The redistribution of Bitcoin holdings shows a clear movement away from whale investors, who traditionally hold more than 1% of the circulating supply. This wealth transfer is flowing primarily toward two distinct groups: the sharks and smaller investors known as “shrimp,” who hold less than 1 BTC each.
Trading activity on cryptocurrency exchanges provides additional evidence of growing market confidence. Recent data shows a sharp increase in spot buying, with 1,100 BTC purchased from exchanges in a single 24-hour period. This marks a substantial increase from the previous day’s activity of 262 BTC, suggesting accelerating buyer interest.
The Net Unrealized Profit/Loss (NUPL) indicator currently stands at 0.556, placing the market firmly in what analysts term the “belief” phase. This technical measure supports the narrative of a bullish continuation pattern in Bitcoin’s price action.
Mining operations, a crucial component of Bitcoin’s ecosystem, are showing interesting behavioral patterns. The Miner Position Index (MPI) currently reads at negative 0.8, indicating relatively low selling pressure from mining entities. This suggests miners are maintaining a measured approach to their operations, likely selling only enough to cover operational costs.
The broader economic context remains a critical factor in Bitcoin’s price movement. The upcoming U.S. Consumer Price Index (CPI) report is expected to show inflation increasing by 0.3% month-on-month in January, representing a slowdown from December’s 0.4% rise.
Core inflation figures, which exclude volatile food and energy prices, are projected to show a 0.3% monthly increase, resulting in an annual rate of 3.1%. This would represent a slight improvement from December’s 3.2% reading.
Market participants are closely watching the Federal Reserve’s response to these inflation trends. Current market pricing, according to CME’s FedWatch tool, suggests a 54% probability that the Fed will implement either one or no rate cuts this year.
Forward-looking inflation metrics present a more complex picture. Two-year inflation swaps have reached their highest levels since early 2023, approaching 2.8%. Five-year swaps show similar patterns, indicating market expectations of persistent inflation pressures.
Major financial institutions have expressed cautious views on the inflation outlook. Both BlackRock and RBC have indicated that they do not expect the upcoming CPI report to prompt the Federal Reserve to shift its current stance on interest rates.
Federal Reserve Chairman Jerome Powell’s recent Congressional testimony reinforced this perspective, as he emphasized that the central bank is not rushing to implement rate cuts.
Bitcoin’s trading range has remained relatively stable between $90,000 and $110,000, suggesting a period of consolidation. The cryptocurrency’s price movements appear increasingly tied to broader economic indicators and institutional market participation.
Exchange flow data continues to show strong buying interest, with net outflows indicating accumulation by longer-term holders. This trend suggests growing confidence among investors who view current price levels as attractive entry points.
The combination of decreased whale holdings and increased accumulation by mid-sized investors points to a possible democratization of Bitcoin ownership, potentially reducing the impact of large individual holders on price movements.
The post Bitcoin (BTC) Price: Approaches $100,000 as Shark Investors Gain Market Share appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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