$BTC Major Players Have Spent 575 Million to Buy! Is a Rebound Coming?
Data from the past 12 hours shows that institutions and large holders have spent 575 million dollars on buying, while the selling amount during the same period was only 212 million, resulting in a net purchase of over 360 million dollars, with a buy-sell ratio reaching an exaggerated 2.72:1. This clearly indicates that major players are concentrating on going long.
What is particularly noteworthy is that when the price dropped to around 115,000 dollars, there were suddenly multiple large orders exceeding 15 million dollars that directly bottomed out, which is definitely not retail behavior, indicating that major players have built a solid defense at this price level.
There are also important signals emerging from the technical side! Although the hourly K-line is still operating below the two key moving averages, EMA24 and EMA52, the RSI indicator has dropped into the oversold zone and has broken through the upward trend line, combined with the recently formed golden cross signal from the KDJ indicator, the probability of a short-term rebound is sharply increasing. The most critical factor now is the continuous inflow of major funds, which will determine whether this rebound can succeed.
I personally believe that the current market has given a clear signal: major players are expressing a bullish attitude with real money, and technical indicators are simultaneously sending out rebound warnings. Especially the large buy orders around 115,000 dollars, this is definitely not a coincidence, further confirming the support strength at this price level.
Now it’s crucial to see if bullish funds can take advantage of the momentum to pull the price back into the upward channel from below the moving averages. When to enter and when to exit? How to catch strong coins? What to set for take profit? Sister Shisan will inform fans immediately on Shequn, as long as you follow my approach and execute what I say, you will definitely reap the rewards!
