Whales Changed Their Behavior Following the Partial Recovery in Bitcoin: They Are Now Doing This!

The Crypto analysis company Alphractal expressed its concerns about the recent market movements of Bitcoin, drawing attention to the increase in leverage ratios and changes in whale positioning.

According to the company's latest statement, large-scale Bitcoin holders, commonly referred to as whales, have started to close their long positions and open short positions after BTC briefly surpassed $87,000.

Alphractal noted that the Open Position/Market Value ratio has started to rise again, indicating that the leverage ratio in the market has increased. Historically, such increases in leverage have preceded high volatility that can potentially lead to mass liquidations. According to analysts, if this trend continues, Bitcoin investors may experience significant price fluctuations in the coming weeks.

While Bitcoin continues to be a strong investment option, Alphractal pointed out that the days of astronomical returns are already behind us. The firm provided a breakdown of Bitcoin’s Return on Investment (ROI) per cycle, showing a steady decline as the asset matures.

• 2009-2011: %4,830,000
• 2011-2015: %55,000
• 2015-2018: %8,500
• 2018-2022: %2,000
• 2022-2025: %560 (As of January 2025 )

Despite this downward trend, Bitcoin's performance still significantly outpaces traditional investment vehicles. To make a comparison, stocks and mutual funds typically offer annual returns ranging from 5% to 10% under favorable market conditions. In contrast, Bitcoin's current cycle return of 560% equates to a 5.6 times return on investment.

Alphractal stated that Bitcoin is no longer a speculative "lottery ticket," but continues to be a valuable asset for wealth preservation and long-term growth.