Signs of a Surge? This Bitcoin Drop is Just a False Move!
In the past 12 hours, there has been a noticeable movement of major funds in the Bitcoin market: institutional-level funds net bought $260 million, with purchases exceeding sales by 63%, indicating that large funds are actively going long. Notably, around the $122,000 mark, there were three large buy orders exceeding $35 million each, creating a strong support like a solid wall at this critical price level.
Technically, there are multiple bullish signals: the daily chart shows a flat-bottom pattern, and the price has received effective support at the 52-day moving average, which has historically been an important reference line for short-term trend reversals. Although the stochastic indicator KDJ has shown a death cross, it has already entered the oversold range. Combined with the continued accumulation by major funds, the potential for further declines may be significantly compressed.
Interestingly, although the MACD energy bars have contracted, the movements of large orders have already revealed the true market direction. While retail investors are still entangled in technical indicators, smart money has already cast its vote with real capital. Considering the flow of funds and technical signals, the probability of a short-term rebound is significantly increasing.
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