Bitcoin z\u016fst\u00e1v\u00e1 v konsolidaci<\/p>\n
Cena bitcoinu se od za\u010d\u00e1tku \u010dervence pohybuje v p\u00e1smu p\u0159ibli\u017en\u011b mezi 58 076 a\u017e 66 896 dolary. Konsolidace znamen\u00e1 obdob\u00ed, kdy trh nem\u00e1 jasn\u00fd sm\u011br a cena se pohybuje mezi relativn\u011b pevnou podporou a rezistenc\u00ed.<\/p>\n
V dob\u011b psan\u00ed \u010dl\u00e1nku se bitcoin obchodoval kolem 65 200 dolar\u016f. Za posledn\u00edch 30 dn\u00ed p\u0159itom jeho cena vzrostla o v\u00edce ne\u017e 1,6 %. Trh tedy neroste nijak dramatick\u00fdm tempem, ale z\u00e1rove\u0148 ani nedoch\u00e1z\u00ed k v\u00fdrazn\u00e9mu propadu.<\/p>\n
![\"M\u011bs\u00ed\u010dn\u00ed](\"https:\/\/www.europesays.com\/cz\/wp-content\/uploads\/2026\/08\/btc-32.png\")
<\/p>\n
\t\tM\u011bs\u00ed\u010dn\u00ed graf BTC\/USD s aktu\u00e1ln\u00ed cenou v dob\u011b psan\u00ed \u010dl\u00e1nku ve v\u00fd\u0161i 65 201 USD. Zdroj: kryptomagazin.cz<\/a><\/p>\n Pr\u00e1v\u011b chov\u00e1n\u00ed jednotliv\u00fdch skupin investor\u016f je proto nyn\u00ed velmi zaj\u00edmav\u00e9. Zat\u00edmco cena p\u016fsob\u00ed relativn\u011b neutr\u00e1ln\u011b, data z blockchainu<\/a> ukazuj\u00ed, \u017ee n\u011bkte\u0159\u00ed \u00fa\u010dastn\u00edci trhu u\u017e sv\u00e9 pozice v\u00fdrazn\u011b m\u011bn\u00ed.<\/p>\n Velryby d\u00e1l akumuluj\u00ed bitcoin<\/p>\n Podle dat analytick\u00e9 spole\u010dnosti Santiment se od 29. \u010dervence zm\u011bnily bitcoinov\u00e9 rezervy jednotliv\u00fdch skupin dr\u017eitel\u016f. Pen\u011b\u017eenky s m\u00e9n\u011b ne\u017e 0,01 BTC sn\u00ed\u017eily sv\u00e9 dr\u017eby o 0,59 %.<\/p>\n Na opa\u010dn\u00e9 stran\u011b stoj\u00ed velc\u00ed dr\u017eitel\u00e9. Pen\u011b\u017eenky obsahuj\u00edc\u00ed 10 a\u017e 10 000 BTC zv\u00fd\u0161ily sv\u00e9 z\u00e1soby o 0,34 %.<\/p>\n \t\tData Santimentu ukazuj\u00ed, \u017ee zat\u00edmco drobn\u00ed dr\u017eitel\u00e9 s m\u00e9n\u011b ne\u017e 0,01 BTC od 29. \u010dervence sn\u00ed\u017eili sv\u00e9 z\u00e1soby o 0,59 %, velc\u00ed dr\u017eitel\u00e9 s 10 a\u017e 10 000 BTC naopak sv\u00e9 pozice nav\u00fd\u0161ili o 0,34 %. \u00a0Zdroj: Santiment<\/p>\n Rozd\u00edl sice na prvn\u00ed pohled nevypad\u00e1 dramaticky, ale v p\u0159\u00edpad\u011b bitcoinov\u00fdch velryb m\u016f\u017ee j\u00edt o v\u00fdznamn\u00e9 mno\u017estv\u00ed kapit\u00e1lu. Pokud velc\u00ed hr\u00e1\u010di nakupuj\u00ed ve chv\u00edli, kdy men\u0161\u00ed investo\u0159i sv\u00e9 pozice opou\u0161t\u011bj\u00ed, m\u016f\u017ee to nazna\u010dovat zm\u011bnu struktury trhu.<\/p>\n Santiment proto vid\u00ed rostouc\u00ed \u0161anci, \u017ee bitcoin p\u0159ekon\u00e1 hranici 70 000 dolar\u016f, zat\u00edmco riziko n\u00e1vratu pod 60 000 dolar\u016f podle jeho dat postupn\u011b kles\u00e1.<\/p>\n Retail prod\u00e1v\u00e1, velc\u00ed hr\u00e1\u010di nakupuj\u00ed<\/p>\n Zaj\u00edmav\u00e9 je p\u0159edev\u0161\u00edm samotn\u00e9 na\u010dasov\u00e1n\u00ed. Bitcoin se st\u00e1le nach\u00e1z\u00ed pod sv\u00fdm \u010dervencov\u00fdm maximem, p\u0159esto\u017ee velryby pokra\u010duj\u00ed v akumulaci.<\/p>\n Drobn\u00ed investo\u0159i naopak podle dostupn\u00fdch dat postupn\u011b sv\u00e9 pozice redukuj\u00ed. M\u016f\u017ee j\u00edt o reakci na dlouh\u00e9 obdob\u00ed stagnace, b\u011bhem kter\u00e9ho trh nedok\u00e1zal pokra\u010dovat v r\u016fstu.<\/p>\n Pr\u00e1v\u011b podobn\u00e9 chov\u00e1n\u00ed \u010dasto vytv\u00e1\u0159\u00ed zaj\u00edmavou situaci. Men\u0161\u00ed investo\u0159i ztr\u00e1cej\u00ed trp\u011blivost a prod\u00e1vaj\u00ed, zat\u00edmco kapit\u00e1lov\u011b siln\u011bj\u0161\u00ed hr\u00e1\u010di vyu\u017e\u00edvaj\u00ed slab\u0161\u00ed popt\u00e1vky k postupn\u00e9mu navy\u0161ov\u00e1n\u00ed pozic.<\/p>\n Osobn\u011b bych ale z tohoto v\u00fdvoje je\u0161t\u011b ned\u011blal jist\u00fd sign\u00e1l pro okam\u017eit\u00fd r\u016fst. Velryby mohou akumulovat dlouhodob\u011b a cena m\u016f\u017ee je\u0161t\u011b n\u011bjakou dobu z\u016fstat v sou\u010dasn\u00e9m p\u00e1smu.<\/p>\n Pom\u00e1haj\u00ed tak\u00e9 bitcoinov\u00e1 ETF<\/p>\n Z\u00e1jem velk\u00fdch investor\u016f se neprojevuje pouze prost\u0159ednictv\u00edm on-chain dat. Podobn\u00fd obr\u00e1zek nab\u00edzej\u00ed tak\u00e9 americk\u00e9 spotov\u00e9 bitcoinov\u00e9 ETF<\/a>.<\/p>\n \t\tBitcoinov\u00e1 spotov\u00e1 ETF zaznamenaly v srpnu zat\u00edm \u010dist\u00fd p\u0159\u00edliv 853,54 milionu dolar\u016f. To p\u0159edstavuje v\u00fdrazn\u00e9 zlep\u0161en\u00ed oproti \u010dervencov\u00fdm 172,43 milionu dolar\u016f a potvrzuje n\u00e1vrat siln\u011bj\u0161\u00ed popt\u00e1vky po bitcoinov\u00fdch ETF. Zdroj: sosovalue.com<\/p>\n Ty v srpnu zat\u00edm zaznamenaly \u010dist\u00fd p\u0159\u00edliv p\u0159ibli\u017en\u011b 853,54 milionu dolar\u016f. Celkov\u00e1 \u010dist\u00e1 hodnota jejich aktiv tak podle dostupn\u00fdch \u00fadaj\u016f dos\u00e1hla zhruba 79,50 miliardy dolar\u016f.<\/p>\n \t\tAmerick\u00e9 spotov\u00e9 bitcoinov\u00e9 ETF zaznamenaly za posledn\u00edch sedm dn\u00ed \u010dist\u00fd p\u0159\u00edliv 821,3 milionu dolar\u016f. Za posledn\u00edch 30 dn\u00ed pak celkov\u00fd p\u0159\u00edliv dos\u00e1hl 127,7 milionu dolar\u016f, co\u017e ukazuje na pokra\u010duj\u00edc\u00ed z\u00e1jem investor\u016f o bitcoin prost\u0159ednictv\u00edm regulovan\u00fdch fond\u016f. Zdroj: kryptomagazin.cz<\/a><\/p>\n P\u0159\u00edliv kapit\u00e1lu do ETF je d\u016fle\u017eit\u00fd p\u0159edev\u0161\u00edm proto, \u017ee jde o jednu z nejjednodu\u0161\u0161\u00edch cest, jak mohou tradi\u010dn\u00ed investo\u0159i z\u00edskat expozici v\u016f\u010di bitcoinu. Pokud budou p\u0159\u00edlivy pokra\u010dovat, mohou p\u0159edstavovat dodate\u010dn\u00fd zdroj popt\u00e1vky v dob\u011b, kdy samotn\u00fd trh z\u016fst\u00e1v\u00e1 nerozhodn\u00fd.<\/p>\n Objem obchodov\u00e1n\u00ed z\u016fst\u00e1v\u00e1 utlumen\u00fd<\/p>\n P\u0159esto sou\u010dasn\u00fd v\u00fdvoj nen\u00ed bez slab\u0161\u00edch m\u00edst. Pr\u016fm\u011brn\u00fd 24hodinov\u00fd objem obchodov\u00e1n\u00ed s bitcoinem podle zdrojov\u00fdch dat klesl o v\u00edce ne\u017e 17 % na 18,43 miliardy dolar\u016f.<\/p>\n \t\tBitcoin se aktu\u00e1ln\u011b obchoduje kolem 65 177 dolar\u016f, p\u0159i\u010dem\u017e 24hodinov\u00fd objem obchodov\u00e1n\u00ed dosahuje p\u0159ibli\u017en\u011b 12,19 miliardy dolar\u016f. Zdroj: kryptomagazin.cz<\/a><\/p>\n Ni\u017e\u0161\u00ed objemy b\u011bhem konsolidace nejsou ni\u010d\u00edm neobvykl\u00fdm. Investo\u0159i \u010dasto \u010dekaj\u00ed na v\u00fdrazn\u011bj\u0161\u00ed impuls, kter\u00fd cenu vyvede z dosavadn\u00edho rozp\u011bt\u00ed.<\/p>\n Podle m\u011b je pr\u00e1v\u011b objem jednou z v\u011bc\u00ed, kterou bude pot\u0159eba sledovat p\u0159i p\u0159\u00edpadn\u00e9m \u00fatoku na hranici 67 000 dolar\u016f. Pr\u016fraz rezistence s v\u00fdrazn\u00fdm n\u00e1r\u016fstem objemu by m\u011bl mnohem v\u011bt\u0161\u00ed vypov\u00eddac\u00ed hodnotu ne\u017e r\u016fst p\u0159i slab\u00e9 obchodn\u00ed aktivit\u011b.<\/p>\n Bitcoin mo\u017en\u00e1 dokon\u010dil dlouhodob\u011bj\u0161\u00ed dno<\/p>\n Dal\u0161\u00ed argument pro b\u00fd\u010d\u00ed sc\u00e9n\u00e1\u0159 nab\u00edz\u00ed \u0161ir\u0161\u00ed pohled na tr\u017en\u00ed cyklus. Technick\u00e1 anal\u00fdza nazna\u010duje, \u017ee bitcoin mohl vytvo\u0159it dno n\u011bkolikam\u011bs\u00ed\u010dn\u00edho medv\u011bd\u00edho trendu.<\/p>\n Pozornost si zaslou\u017e\u00ed tak\u00e9 ukazatel Bitcoin Supply in Loss, kter\u00fd sleduje mno\u017estv\u00ed BTC dr\u017een\u00fdch se ztr\u00e1tou. Tato metrika podle dostupn\u00fdch dat ned\u00e1vno dos\u00e1hla historicky vysok\u00fdch hodnot.<\/p>\n V minulosti se vysok\u00fd pod\u00edl bitcoin\u016f ve ztr\u00e1t\u011b objevoval v obdob\u00edch, kdy se dlouhodob\u00fd medv\u011bd\u00ed trend<\/a> bl\u00ed\u017eil ke sv\u00e9mu konci. Nejde samoz\u0159ejm\u011b o p\u0159esn\u00fd indik\u00e1tor dna, ale v kombinaci s dal\u0161\u00edmi \u00fadaji m\u016f\u017ee poskytovat zaj\u00edmav\u00fd kontext.<\/p>\n Co m\u016f\u017ee bitcoin dostat nad 70 000 dolar\u016f?<\/p>\n Pokud budou velryby pokra\u010dovat v akumulaci a z\u00e1rove\u0148 z\u016fstanou pozitivn\u00ed p\u0159\u00edlivy do spotov\u00fdch ETF, bitcoin m\u016f\u017ee z\u00edskat dostatek nov\u00e9 popt\u00e1vky k p\u0159ekon\u00e1n\u00ed sou\u010dasn\u00e9ho obchodn\u00edho rozp\u011bt\u00ed.<\/p>\n Prvn\u00edm d\u016fle\u017eit\u00fdm testem z\u016fst\u00e1v\u00e1 oblast kolem 66 900 dolar\u016f, kter\u00e1 odpov\u00edd\u00e1 horn\u00ed hranici sou\u010dasn\u00e9 konsolidace. Jej\u00ed p\u0159ekon\u00e1n\u00ed by mohlo otev\u0159\u00edt prostor pro dal\u0161\u00ed r\u016fst.<\/p>\n Na druh\u00e9 stran\u011b ale st\u00e1le existuje riziko n\u00e1vratu k ni\u017e\u0161\u00edm \u00farovn\u00edm. Pokud by se akumulace velryb zastavila a ETF za\u010dala zaznamen\u00e1vat odlivy, sou\u010dasn\u00fd pozitivn\u00ed obraz by se rychle zm\u011bnil.<\/p>\n Velryby nakupuj\u00ed, bitcoin ale st\u00e1le \u010dek\u00e1 na pr\u016flom<\/p>\n Bitcoin se moment\u00e1ln\u011b nach\u00e1z\u00ed ve f\u00e1zi, kdy cena sama o sob\u011b neposkytuje p\u0159\u00edli\u0161 jasn\u00fd sign\u00e1l. Mnohem zaj\u00edmav\u011bj\u0161\u00ed je proto sledovat, co d\u011blaj\u00ed jednotliv\u00e9 skupiny investor\u016f. Velryby akumuluj\u00ed, \u010d\u00e1st retailu prod\u00e1v\u00e1 a americk\u00e1 bitcoinov\u00e1 ETF v srpnu zat\u00edm p\u0159itahuj\u00ed stovky milion\u016f dolar\u016f.<\/p>\n Osobn\u011b pova\u017euji kombinaci t\u011bchto faktor\u016f za zaj\u00edmav\u011bj\u0161\u00ed ne\u017e samotn\u00fd r\u016fst bitcoinu o n\u011bkolik procent. Pokud velc\u00ed dr\u017eitel\u00e9 skute\u010dn\u011b vyu\u017e\u00edvaj\u00ed sou\u010dasnou konsolidaci k akumulaci, m\u016f\u017ee j\u00edt o p\u0159\u00edpravu p\u016fdy pro dal\u0161\u00ed r\u016fst. Z\u00e1rove\u0148 bych ale nep\u0159ece\u0148oval jeden jedin\u00fd on-chain ukazatel.<\/p>\n Bitcoin st\u00e1le pot\u0159ebuje p\u0159ekonat d\u016fle\u017eit\u00e9 rezisten\u010dn\u00ed p\u00e1smo kolem 67 000 dolar\u016f. Teprve p\u0159esv\u011bd\u010div\u00fd pr\u016fraz doprov\u00e1zen\u00fd vy\u0161\u0161\u00edm objemem by podle m\u011b v\u00fdrazn\u011b zv\u00fd\u0161il \u0161anci na pokra\u010dov\u00e1n\u00ed r\u016fstu sm\u011brem k 70 000 dolar\u016fm. Do t\u00e9 doby z\u016fst\u00e1v\u00e1me v prost\u0159ed\u00ed, kde mohou m\u00edt velryby pravdu, ale trh<\/a> jim to je\u0161t\u011b mus\u00ed potvrdit.<\/p>\n Co si mysl\u00edte vy? Dok\u00e1\u017eou velryby dostat bitcoin nad 70 000 dolar\u016f, nebo se cena je\u0161t\u011b vr\u00e1t\u00ed pod 60 000 USD? Dejte v\u011bd\u011bt sv\u016fj n\u00e1zor v koment\u00e1\u0159\u00edch.<\/p>\n","protected":false},"excerpt":{"rendered":"Bitcoin se u\u017e n\u011bkolik t\u00fddn\u016f pohybuje v pom\u011brn\u011b \u00fazk\u00e9m cenov\u00e9m p\u00e1smu. Trh zat\u00edm nedok\u00e1zal p\u0159esv\u011bd\u010div\u011b p\u0159ekonat hranici 67…\n","protected":false},"author":2,"featured_media":175128,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[12],"tags":[183,3244,32049,15927,67,68,20081,62,12592,15035],"class_list":["post-175127","post","type-post","status-publish","format-standard","has-post-thumbnail","category-byznys","tag-aktuality","tag-bitcoin","tag-blockchain","tag-btc","tag-business","tag-byznys","tag-etf","tag-trh","tag-usd","tag-velryby"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@cz\/117072679889876254","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/175127","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/comments?post=175127"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/175127\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media\/175128"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media?parent=175127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/categories?post=175127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/tags?post=175127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Data](\"https:\/\/www.europesays.com\/cz\/wp-content\/uploads\/2026\/08\/velryby.png\")
<\/p>\n![\"Bitcoinov\u00e1](\"https:\/\/www.europesays.com\/cz\/wp-content\/uploads\/2026\/08\/etf-2.png\")
<\/p>\n![\"Americk\u00e9](\"https:\/\/www.europesays.com\/cz\/wp-content\/uploads\/2026\/08\/etf-1.png\")
<\/p>\n![\"Bitcoin](\"https:\/\/www.europesays.com\/cz\/wp-content\/uploads\/2026\/08\/btc-33.png\")
<\/p>\n