Trading volume collapsed by 63%! Did the giant whale $BTC frantically accumulate 150,000 BTC when everyone else was panicking?
Hey guys! The price of Bitcoin closing at $124,500 on the weekly chart seems strong, but three dangerous signals are flashing — shrinking trading volume, MACD death cross, and moving average resistance. This high-level consolidation may be brewing a major reversal!
Attention! When the market consensus believes a pullback is imminent, could the trend go the other way?
1. Latest technical analysis!
1. Trading volume: The actual trading volume is 473,000, less than half of the estimated volume of 1,060,000, indicating that outside funds are still on the sidelines.
2. The MACD death cross has become a fact! The DIF line has crossed below the DEA line, and the histogram has turned red at -568.3. Such a structure on the weekly chart has historically been accompanied by significant pullbacks.
3. The moving average system has also formed resistance. The price is firmly suppressed by the 10-week moving average ($880,000), and the support from the 5-week moving average ($800,000) seems weak — after a rapid drop yesterday, the price was pulled back, clearly indicating that quantitative funds are selling high and buying low.
2. Latest on-chain news!
1. BlackRock's Bitcoin ETF holdings have surpassed 150,000, but the net outflow from exchanges has hit a new monthly low. Large institutions are secretly accumulating, while retail investors are hesitant to chase higher prices. This divergence often signals an impending reversal!
2. On-chain data shows that the giant whale address continues to accumulate, with Deribit options' open contracts concentrated on 130,000 call options, indicating that large funds are optimistic about a breakout in the future.
3. After selling BTC, the giant whale seems to have reallocated some funds into Ethereum (ETH), with a scale of about $2 billion.
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