Analyzing the BTC-USD Average Trade Size chart, we observe that the average transaction value has seen a marked increase. This trend, when coupled with the price action of Bitcoin, provides a compelling narrative: institutions are likely playing a pivotal role in price ascension.
Larger trade sizes typically indicate the participation of players with deeper pockets, such as hedge funds, family offices and corporate treasuries, who are capable of making more substantial investments into the market.
Moreover, the recent green candles on the chart, with their sizeable bodies, reflect aggressive buying pressure. The absence of long wicks suggests that pullbacks are being bought up quickly, indicating the presence of a solid underlying bid on the market. This scenario often coincides with institutional investment, as these entities tend to make strategic, high-volume purchases rather than quick .
In the immediate term, Bitcoin appears to be facing resistance at recent highs, with potential retracements likely to test the strength of current support levels.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
