#BTC Data Release: Whales Have Changed Their Positions in Bitcoin! According to the analytics company, here is the level that BTC price will not fall below! The cryptocurrency analysis company Alphractal assessed the current state of Bitcoin in its latest report. The cryptocurrency analysis company Alphractal pointed out the significant volatility in the Bitcoin market in its latest report. According to the company's statement, at the level of $95,000, large investors, or whales, have begun to close their long positions while showing renewed interest in short positions. The innovative "Whale Position Sentiment" indicator developed by Alphractal analyzes the scale of trades and open positions of $1 million or more across major exchanges. By collectively examining open contracts, it reveals whale trends in the market. The indicator shows that when prices rise but the indicator indicates a decline, it means whales have shifted to short positions. Conversely, when the indicator rises, it is observed that whales are turning to long positions, which usually coincides with rising prices. According to the analysis, this indicator shows a 93% correlation with the historical price trend of Bitcoin. Alphractal Warning: If the indicators continue to decline, the likelihood of a Bitcoin correction may increase. However, if the decline stops, the upward trend may continue. According to the company's long-term "power law" model, the likelihood of Bitcoin being below $45,000 by 2026 is low. This is not investment advice.
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#BTC Data Release: Whales Have Changed Their Positions in Bitcoin! According to the analytics company, here is the level that BTC price will not fall below!
The cryptocurrency analysis company Alphractal assessed the current state of Bitcoin in its latest report.
The cryptocurrency analysis company Alphractal pointed out the significant volatility in the Bitcoin market in its latest report.
According to the company's statement, at the level of $95,000, large investors, or whales, have begun to close their long positions while showing renewed interest in short positions.
The innovative "Whale Position Sentiment" indicator developed by Alphractal analyzes the scale of trades and open positions of $1 million or more across major exchanges. By collectively examining open contracts, it reveals whale trends in the market. The indicator shows that when prices rise but the indicator indicates a decline, it means whales have shifted to short positions. Conversely, when the indicator rises, it is observed that whales are turning to long positions, which usually coincides with rising prices.
According to the analysis, this indicator shows a 93% correlation with the historical price trend of Bitcoin.
Alphractal Warning: If the indicators continue to decline, the likelihood of a Bitcoin correction may increase. However, if the decline stops, the upward trend may continue. According to the company's long-term "power law" model, the likelihood of Bitcoin being below $45,000 by 2026 is low.
This is not investment advice.