220,000 times profit giant whale exits, faced with over 100 million selling pressure in 12 hours, the 110,000 life-and-death line is urgent tonight
Institutions are collectively unloading. In the past 12 hours, market sell orders reached 57.97 million USD, while buy orders were only 27.45 million, resulting in a net outflow of over 30 million - this is not retail behavior, but an organized withdrawal by whales.
This afternoon's 5.04 million USD sell order was a precise strike, directly breaking through the key support level, a typical 'voting with money' short signal.
The technical indicators and large transactions formed a death cross: the 2-hour K-line shows a shrinking doji floating below the EMA24/52 moving averages, and the KDJ death cross is widening, indicating that bulls are unable to recover even the short-term moving averages.
This volume-price divergence is by no means a washout, but a classic script of high-level distribution by the main force.
I believe that the current wave of decline is far from over. The so-called 'small buy order inflow' is more like a trap to entice buyers, as the main force continues to unload taking advantage of retail investors' bottom-fishing mentality.
$115,000 has become a new resistance level; if this position cannot be recovered tonight, it is highly likely to plunge towards the $112,000 liquidation zone or even lower.
As for specific operational strategies, I will share them publicly next. If you're looking to bottom-fish mainstream assets but don't know how to start, or if you're unsure when to ambush altcoins, then you should follow Feng Ge's lead!!!
