$228 million, 3,009 BTC—this isn’t a typo; a true whale has returned. The address 3Ps78…hm9F had been dormant for over a year, but today it started buying again, with an estimated price around $75,645. Honestly, seeing that much money enter at this price, I can’t help wondering whether it might provide some support for the market.
$BTC 24h has been basically flat, but the funding rate is only 0.0068%, and the long-short crowding is still fairly moderate. Open interest has dipped slightly, while both price and trading volume are falling, so there are still signs of longs exiting in the short term. The Fear and Greed Index is at 28, and everyone seems to be wearing their “fear” hat—the market sentiment is weak.
If this whale keeps placing orders, it would suggest confidence in the current range and might help support $BTC at the lows. But if buying doesn’t pick up afterward, the price could keep getting dragged down. What do you think? Did anyone follow this buying spree? #BTC #巨鲸 #MarketSentiment
$BTC 24h has been basically flat, but the funding rate is only 0.0068%, and the long-short crowding is still fairly moderate. Open interest has dipped slightly, while both price and trading volume are falling, so there are still signs of longs exiting in the short term. The Fear and Greed Index is at 28, and everyone seems to be wearing their “fear” hat—the market sentiment is weak.
If this whale keeps placing orders, it would suggest confidence in the current range and might help support $BTC at the lows. But if buying doesn’t pick up afterward, the price could keep getting dragged down. What do you think? Did anyone follow this buying spree? #BTC #巨鲸 #MarketSentiment