A giant whale dumped about 30,000 $BTC in a week
Ali Charts calls it out
In the sideways trading over the past week,
whale holdings have dropped by about 30,000 coins.
At the current price, that’s on the order of about $2.5B.
87k is exactly sitting right at the top of the recent channel.
A push higher getting capped a bit isn’t surprising.
Spot is around 84,600.
Down about −2.1% in a day.
The day’s high is still 87,220.
The low was probed down to about 83,900.
Fear & Greed is still at 67.
Long liquidations already played out once during the day.
The whale is still cutting positions.
Distribution at the highs may not be finished.
First, see if 82,500 has a real buyer to catch it.
If it can’t hold, don’t treat a rebound as a reversal.
#Market #BTC #Whale
Ali Charts calls it out
In the sideways trading over the past week,
whale holdings have dropped by about 30,000 coins.
At the current price, that’s on the order of about $2.5B.
87k is exactly sitting right at the top of the recent channel.
A push higher getting capped a bit isn’t surprising.
Spot is around 84,600.
Down about −2.1% in a day.
The day’s high is still 87,220.
The low was probed down to about 83,900.
Fear & Greed is still at 67.
Long liquidations already played out once during the day.
The whale is still cutting positions.
Distribution at the highs may not be finished.
First, see if 82,500 has a real buyer to catch it.
If it can’t hold, don’t treat a rebound as a reversal.
#Market #BTC #Whale
