The actions of large players (whales) indicate a tactical shift in the short term trend. Instead of aggressively increasing long positions, they are either taking profits or cautiously starting to open short positions. This is not a signal of a reversal of the global trend, but rather a sign of preparation for a consolidation phase.
Such behavior creates the conditions for entering a sideways price movement period, similar to that observed in March-April. During such periods, the asset's dynamics slow down, trading within a certain price range without a clear direction. This allows the market to "digest" the previous growth and redistribute liquidity.
The mention of "bears" in the zone $80 thousand reveals a likely scenario for this range. A price drop to this level will be viewed by many institutional and large retail investors not as a threat, but as an opportunity for accumulation. Thus, a potential correction may face significant buying demand near these levels, which will create strong support and prevent the market from collapsing deeply.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The actions of large players (whales) indicate a tactical shift in the short term trend. Instead of aggressively increasing long positions, they are either taking profits or cautiously starting to open short positions. This is not a signal of a reversal of the global trend, but rather a sign of preparation for a consolidation phase.
Such behavior creates the conditions for entering a sideways price movement period, similar to that observed in March-April. During such periods, the asset's dynamics slow down, trading within a certain price range without a clear direction. This allows the market to "digest" the previous growth and redistribute liquidity.
The mention of "bears" in the zone $80 thousand reveals a likely scenario for this range. A price drop to this level will be viewed by many institutional and large retail investors not as a threat, but as an opportunity for accumulation. Thus, a potential correction may face significant buying demand near these levels, which will create strong support and prevent the market from collapsing deeply.
$BTC