Kendyhuang
Although Bitcoin whales and sharks (wallets holding 10 to 10,000 BTC) have continued accumulating over the past month, the price of Bitcoin has fallen below $90,000, indicating that the market no longer views such accumulation as a bullish signal. This divergence points to structural weakness, with buying pressure being offset by broader selling pressure, lack of liquidity, or leveraged liquidations. Key support areas to watch are $82,000 to $85,000, while reclaiming the $92,000 to $95,000 range would signal a weakening of the downward momentum.
BTC-0.37%
