🚨 WHALES HAVE SHORTED TENS OF MILLIONS OF DOLLARS – IS BTC PREPARING TO BREAK OUT? 🐋📈
Data from the latest Whale Activity table shows unusual and notable behavior from large addresses in the crypto market – especially with BTC and ETH.
🔍 Highlights:
🟥 Address 0x044d…81 closed 2 extremely large short positions:
BTC: $20.14M at $104,807
ETH: $15.05M at $2,507
➤ → Signs of capital withdrawal from the downtrend, possibly predicting a recovery or breakout.
🟥 Address 0x3497…62 also closed a short on BTC $11.04M at $104,900
➤ At the same time opened a short on SOL $5.32M → Could be a pivot to altcoins as BTC is about to enter a sideways range or recover.
🟩 Many addresses opened smaller long positions on ETH & BTC, for example:
ETH $4.48M at $2542 (0x9c55…6d)
BTC $2.9M at $105,171 (0x98e4…2b)
📊 Strategic view:
- The closing of tens of millions of dollars in shorts at the $104k – $105k range indicates whales have met their expectations and no longer believe in deeper declines in the short term.
- The behavior of opening smaller longs reflects caution but still hopes for a technical bounce.
- SOL is the only one being shorted, indicating that whales still view this altcoin as weaker compared to BTC/ETH.
🧠 Personal plan:
⚠️ Do not short BTC/ETH in this range anymore.
✅ Prioritize short-term longs if BTC holds $105k in 4H.
🔍 Keep an eye on new moves with SOL – a separate adjustment might be coming soon.
❓ Do you think BTC is about to bounce strongly from $105k or is this just a "bull trap" from the whales?