🐋 Meow Bro’s market watch: Whales are accumulating, but spot buyers aren’t buying it. This contradiction deserves a close watch!
📊 Data breakdown:
• CryptoQuant: Large holders with 1,000–10,000 BTC went from net selling 62,600 BTC to net accumulating 5,230 BTC over 60 days, shifting from distribution to accumulation
• Santiment: There are 20,338 wallets holding 10–10,000 BTC, a record high
• Binance’s USDT reserves rose from about $790 million to $1.76 billion—more ammunition is building up
⚠️ But Bitfinex points out that 30-day net demand is still around -50,000 BTC, and sees the bearish path as more likely. It views $81,300 more as the midpoint of a range than a bottom.
🔍 Derivatives: BTC is currently around $83,001 (+1.1% over 24h), with open interest at about $27.4 billion and an annualized funding rate of around 8.8%—not overheated. On Deribit, put option volume is more than twice call volume. Fear and Greed Index: 55.
👉 Meow Bro’s take: Whale accumulation is a necessary condition; spot buying needs to follow for it to be sufficient. Key levels: $80,000 to the downside; $83,000–$85,000 to the upside.
Do you think this is a bottom signal or a bull trap? Share your thoughts in the comments 👇
$BTC $ETH #链上数据 #巨鲸 #Bitcoin
This is solely my personal opinion and does not constitute investment advice
📊 Data breakdown:
• CryptoQuant: Large holders with 1,000–10,000 BTC went from net selling 62,600 BTC to net accumulating 5,230 BTC over 60 days, shifting from distribution to accumulation
• Santiment: There are 20,338 wallets holding 10–10,000 BTC, a record high
• Binance’s USDT reserves rose from about $790 million to $1.76 billion—more ammunition is building up
⚠️ But Bitfinex points out that 30-day net demand is still around -50,000 BTC, and sees the bearish path as more likely. It views $81,300 more as the midpoint of a range than a bottom.
🔍 Derivatives: BTC is currently around $83,001 (+1.1% over 24h), with open interest at about $27.4 billion and an annualized funding rate of around 8.8%—not overheated. On Deribit, put option volume is more than twice call volume. Fear and Greed Index: 55.
👉 Meow Bro’s take: Whale accumulation is a necessary condition; spot buying needs to follow for it to be sufficient. Key levels: $80,000 to the downside; $83,000–$85,000 to the upside.
Do you think this is a bottom signal or a bull trap? Share your thoughts in the comments 👇
$BTC $ETH #链上数据 #巨鲸 #Bitcoin
This is solely my personal opinion and does not constitute investment advice