$BTC bouncing back after massive profit-taking wave
Binance just recorded its largest profit-taking event ever - bigger than the ATH selloff
This level of realized gains typically signals local tops, but also clears out weak hands
Watch for:
- Demand absorption at current levels
- Whether whales step in or let it bleed further
- Funding rates resetting
If support holds here, could be a clean re-accumulation zone before next leg up
Binance just recorded its largest profit-taking event ever - bigger than the ATH selloff
This level of realized gains typically signals local tops, but also clears out weak hands
Watch for:
- Demand absorption at current levels
- Whether whales step in or let it bleed further
- Funding rates resetting
If support holds here, could be a clean re-accumulation zone before next leg up