$BTC
"If this position cannot be held, a 30% crash warning will be triggered!" Bitcoin is playing a "high wire act" around $93,500, putting both bulls and bears on edge. Material Indicators co-founder Keith Alan issued a soul warning on Twitter: "If the weekly close falls below $93k, Bitcoin could slide directly into the $80k abyss!"
1. Technical Analysis Mysticism
◦ "21-Week SMA Curse": The current Bitcoin price perfectly coincides with the 21-week simple moving average ($93,500), which has been the golden ratio for bull-bear transitions over the past three years.
◦ "Weekly Death Cross": If this week's closing price confirms a drop below, it will form the first weekly bearish signal since June 2024.
◦ Bullish Card: The MACD histogram suddenly turned positive around $92,000, and miner selling dropped by 30%.
2. Institutional Underbelly Revealed
◦ ETF Giants' "Iron Bottom Line": BlackRock's IBIT holding cost has risen to $78,000, with over 200 institutions placing buy orders below $93k.
◦ Mysterious Whale Operation: On-chain monitoring detected an unknown address that bought 12,000 BTC in one go during last night's crash, worth over $1.1 billion.
3. Retail Sentiment Rollercoaster
◦ Leveraged Gamblers Suffer Heavy Losses: In the past 24 hours, the entire network saw $370 million in liquidations, with a certain Chinese retail investor opening a 100x long position on Bitmex, facing a 0.5% fluctuation that brought it to zero.
◦ "Bottom Fishing Suicide Squad" Strikes: Binance spot trading volume surged by 150%, and the USDT premium rate soared by 0.8%, indicating that Asian retail investors are frantically picking up the pieces.
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