Since March 2, Bitcoin prices have been a free decrease. Many bearers believed that the rise to $ 94,000 would ignite demand, and raise the most valuable currency in the world above the level of $ 100,000 and even to the highest levels ever.
Although this possibility cannot be deducted, the current price procedure turns greatly in favor of the bears. Benefiting from this landmark is one whale that was actively shortened at the main transformation points.
According to Lookonchain, the whale is now in funds of its activities, as it exceeds $ 7 million of profits at immediate prices. Since the whale accumulates more than short situations, the title is betting on more severe losses, and perhaps to $ 70,000, in the coming days.
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Bitcoin whale is actively shortened
According to Lokonchain, trading began to neglect on February 22, as it placed a short position in about 96500 dollars.
After a few days, prices fell hard, drowning up to $ 78,000. At 78,900 dollars, the short whale came out and reserved huge profits.
https://twitter.com/lookonchain/status/1898911091029409835
Later, when President Donald Trump announced the construction of the encryption reserves, the prices rose, which led to the focus the next day The most important recovery for purchase now. At one point, the most valuable currency in the world has risen to more than 94,300 dollars.
Analysts noticed that the whale has placed another short location between 92,449 dollars and 92,636 dollars. Her profitable requests range between $ 70,475 and $ 74.192.
If the trading diagnosis is successful like its previous positions, based on the conviction of this whale, it is very likely that bitcoin will rise to $ 70,000 in forming the continued direction of the bear.
Nowadays, technical candles arrangements prefer sellers.
From The Daily Chart, Bitcoin offers $ 80,000. BTC moves sideways to the best part of last week, but the step that decreases during the weekend indicates that the sellers have the upper hand.
The only time that this view will change if Bitcoin is cracking $ 96,000 and $ 100,000 on the top side. If this happens, the billions are likely to flow into the following Top-20 Crypto explodes in 2025.
On the other hand, if buyers lose $ 80,000, the currency can easily slip to $ 70,000 with the weakening of the sellers, in order to reflect the gains from the fourth quarter of 2024.
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Traders buy a decrease? Diamond hands slow to sell it
While the whale is actively selling, betting on prices to correct a decrease, others are optimistic, and prices are expected to recover.
Lokochain analysts note that one of the traders placed a long position in BTC at the altitude of the liquid, where they conducted $ 1.14 million in Usdc. Meanwhile, another trader accumulated several purchase requests between $ 76,000 and $ 79,000, spent $ 4 million.
https://twitter.com/lookonchain/status/1898905369755443661
This indicates that although BTC is weak, there is optimism among the main players that prices will get rid of this weakness and bounce strongly.
Confidence from data can stem on the chain.
Cryptoquant data, which is shared by an X analyst, explains that changing the net position for 30 days for long -term holders shows that 1.715 million BTC was sold from a level of $ 60,000.
https://twitter.com/axeladlerjr/status/1898729875852136533
The good news is that this distribution has ended significantly, and that the reading goes back to the neutral levels, which is to reduce my holders.
While this plays, the active sale by the same group has calmed down. The monthly average decreased from 3.8 % to 1.4 %. This projection indicates that the pressure pressure from the Diamond Hands has decreased, which is a satisfaction for my holders.
https://twitter.com/axeladlerjr/status/1898724995750043733
Based on the past events, whenever their holders stop in the long run by selling on leading stock exchanges such as Binance, prices tend to stability, and even higher payment.
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The whale is actively shortened. Move profits that have been set about $ 70,000
Despite the weak market, traders and investors are confident
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The post is Bitcoin preparing another decline, this time to $ 70,000? This whale appeared greatly for the first time on 99bitcoins.