Bitcoin trapped between the accumulation of small hodlers and massive whale sales
10:10 ▪ 6 min read
Get informed▪Bitcoin (BTC)
Every week, the crypto planet transforms into a playground for emotions: euphoria, panic, hope, and betrayal. Bitcoin remains the heart of this theater, oscillating between dizzying peaks and icy falls. And this week, once again, it did not disappoint. However, beneath the surface, something else is happening. Before diving headfirst into your wallets, a breather is necessary. Because in crypto, traps are set where one thinks shortcuts can be found.
In summary
An OG sold 22,769 BTC to exchange for 472,920 ETH, unleashing a crypto storm.
Small investors continue to accumulate, while medium wallets quickly take profits.
The $105,000 threshold becomes critical for Bitcoin; a breakout could sow panic in the market.
$611 million in positions liquidated in 24 hours reminds us that volatility remains a constant of Bitcoin.
Abrupt fall of Bitcoin: between liquidation and disappointment
On Sunday, the atmosphere in the crypto markets shifted from exhilaration to chaos. While Ethereum set a new record at $4,957, Bitcoin plummeted below $111K, briefly reaching $110,671. A flash crash, caused by an explosive mix: tight liquidity, leverage, and an avalanche of liquidations. In total, $611.81 million were wiped out from derivatives, of which $445 million were in bullish bets.
The reaction was immediate. The price of Solana fell by 3.29%, Dogecoin by 4.4%. Even XRP gave way. And all eyes turned to the gaps left in the CME contracts.