Bitcoin's Volatile Phase: Whale Manipulation and Market Deleveraging Analysis

Source: TheCryptoUpdates Original Title: Original Link: https://www.thecryptoupdates.com/bitcoin-enters-controlled-volatility-as-90k-level-comes-into-focus/ Bitcoin is acting genuinely weird right now. The price is just whipping around with zero stability. It dropped from $89,000 to $87,000 and then, out of nowhere, bounced back to $91,000 in that same four-hour candle. The swings are actually crazy to watch.

What’s concerning is Bitcoin’s Net Realized Profit/Loss just flipped red again. That means people are selling at losses instead of taking profits, which is typically a sign of capitulation pressure building up. ETF flows are pretty quiet too even though the 某合规平台 Premium Index ticked green, showing the market’s still in risk-off mode.

It’s been almost two months since that October crash and Bitcoin still hasn’t gotten back above six figures. Looking at the daily chart, BTC’s formed three lower highs at $80,000, $83,000, and $88,000 since mid-November. Each one sparked a short rebound but couldn’t hold.

The liquidations tell the real story though. Nearly $500 million got wiped out in 24 hours, with $171 million in longs and $71 million in shorts getting liquidated in just four hours. Some analysts think whales are deliberately keeping Bitcoin in this loop to deleverage the market. Open Interest dropped $30 billion from its October peak, which backs up that theory.

Conclusion

Bitcoin’s controlled volatility phase suggests potential whale manipulation aimed at deleveraging overleveraged positions, creating uncertainty around whether $90,000 support holds or breaks amid ongoing capitulation pressure.