BTC just broke through $79,000, and Machi countered and closed all his long BTC positions.

Don't rush to interpret it as "whales bearish."

This guy closed in BTC this time, locking in $333,000 in profit, but his ETH, HYPE, and PUMP holdings remain untouched, with a combined position close to $95 million and unrealized gains exceeding $2.88 million.

So I see this more like a move:

BTC broke through the key level, so first pocket the profits.

$79,000 is already a significant resistance, so profit-taking is perfectly normal after a breakout. The real question is whether BTC can step down to 79,000 as support going forward.

Hold on to 79,000; 80,000 is just the first level; continue watching 82,000 afterwards.

If it falls back to 79,000 and fails to recover after a rebound, then you should be wary that this breakout might turn into a false breakout.

Whale liquidations are not scary.

The biggest worry is that after breaking through the key level, the market doesn't even take profits.

Now it's a matter of whether the 79,000 level can be held.