🐋 OG Whales clear $271 million: Is a correction of
$BTC on the way?
On Sunday, long-term Bitcoin whales unloaded $271 million of
$BTC - the highest volume in months. The last time we saw a peak like this (January 10), the price dropped 13%. Is history repeating itself?
$FF Data shows that this time is different. While whales sold, long-term holders shifted to a net positive outcome of +88,000 BTC, and accumulation addresses surged to 4.5 million BTC.
$币安人生 The short-term Sharpe ratio hit -40, a level that marked significant lows in 2015, 2020, and 2023. Meanwhile, selling pressure is neutralizing, suggesting that the capitulation phase is over. 📈
BTC is currently at $72,100, remaining stable above the 50-day EMA ($70,609). We are stuck in a channel with resistance at $72,600. A breakout there, supported by this massive accumulation, could reverse the macroeconomic momentum once and for all.
🚀 Be patient – the "smart money" is quietly filling their bags!
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