BTC Alert: BlackRock Withdraws 180 Million, Is the Bull Market Just a Pipe Dream or Reality?
Technical Analysis: Weekly MACD Golden Cross but Volume Shrinks (Estimated 730,000 contracts vs Actual 120,000 contracts), MA5 Dead Cross MA20 (Average drop of 28% after triggering in the past two years), Volume below 400,000 contracts, the Golden Cross may be 'the main force's pipe dream'.
On-Chain Signals: BlackRock ETF net inflow drops sharply by 180 million, early whales reduce holdings by over 500,000 BTC, ancient wallets dormant for 14 years (80,000+ BTC) transfer assets, and the risk of long-term holders selling increases.
Anomalous Signals: Coinbase sees a large order of 5,000+ BTC, options market whales bet on a bullish option for September at 130,000 USD, simultaneously holding a bullish spread combination of 115,000/140,000 USD, betting on a Q3 breakout of previous highs.
Personal Opinion: Technicals are bearish (Dead Cross + Insufficient Volume), but the whale options betting reveals a sense of 'unwillingness'. Be cautious of a short-term pullback (especially a 28% drop after the dead cross), if volume increases (over 400,000 contracts) it could signal a rebound.
If you're unsure and always chasing highs and cutting losses, feel free to chat. Like + leave a message, Hu Ge will take you on board.