Andrew Tate Says Bitcoin Will Drop to $26,000๐ฑ๐ฑ Andrew Tate has recently claimed that Bitcoinโs price is going to fall to $26,000. In a post on X, he said the market will keep dropping because many people still believe it wonโt go lower. Tate explained that when traders finally lose hope and stop believing in quick profits, thatโs when the market might start rising again.
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$BTC Bitcoin just took a hard dip from $116,000, sparking a huge debate. My analysis shows this is a shakeout, not a reversal. All the current selling pressure is localized to one major exchange, while the macro trend remains rock-solid. The Cause: Binance Traders Leading the Short The current correction is driven almost entirely by traders on a single platform. The data is clear: Negative Funding: Binance's funding rate is consistently negative, while most other platforms are still positive. This signals heavy short-term bearish positioning on that specific exchange. Selling Dominance: The Taker Buy/Sell Ratio is at yearly lows, confirming aggressive sell orders are dominating activity on Binance. Coinbase Premium: U.S. buyers are still paying higher prices, indicating Asian traders are primarily responsible for driving this recent correction. The Reality: Whales Are Still Accumulating Despite the exchange-specific fear, the long-term fundamentals and on-chain conviction show zero signs of a cycle top. Whales Are Buying: Large holders (whales and megawhales) are actively pulling huge amounts of BTC off exchanges (over 130,000+ BTC combined). This is a strong signal of accumulation, not distribution. No Panic: Short-Term Holders (the first to sell in a panic) are surprisingly calm. Their Sell-Side Risk is negligible, meaning they see no reason to sell here. Conviction is High: Key long-term metrics like Reserve Risk are trending low, suggesting strong conviction from seasoned holders and undervaluation relative to investor confidence. Bottom Line: This is a localized, technical dip caused by Binance derivatives traders. The macro market and long-term holders haven't budged. I'm watching $108,400 as the critical support zone. If whale accumulation persists, the first recovery target sits at $112,700. Are you buying this dip or waiting for a lower entry? Drop your thoughts below!
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