🚨 Crypto market reversal! Whales are moving, BTC & #Dogecoin storm is coming 🌊
Today's crypto market is quite exciting, with major coins performing the "up and then down" drama 😅. Shiba Inu (#SHIB ) has been falling for three consecutive days since August 22, when its price soared from $0.000012 to $0.0000135. Yesterday was even more thrilling, dropping to $0.00001183 at one point, only to rebound significantly—truly a rollercoaster ride 🎢.
#BTC isn't having an easy time either ⚠️. Top trader Peter Brandt warned that Bitcoin could face a "double top" risk 😱. Currently, the BTC price is around $111,675, but it once dropped to $100,381 during trading! Brandt stated that bulls must reclaim $117,570; otherwise, the double top danger looms. Over the weekend, a giant whale offloaded 24,000 Bitcoins (worth over $2.7 billion), causing the price to evaporate by $4,000 in an instant 💨. Blockstream CEO Adam Back commented on this move as "a bit clumsy," stating that usually, such whales would be smarter 🤷♂️.
The Dogecoin (#DOGE ) camp isn't idle either 🐶. A newly minted whale made a large move on Binance, withdrawing 52.9 million DOGE (approximately $12 million) in two transactions 💸. First, 32.9 million, followed by 20 million, and now all these DOGE are gathered in a new wallet. This means a short-term decrease in DOGE liquidity on Binance, and the order book may experience some fluctuations. However, historically, this usually indicates that whales intend to hold long-term rather than sell.
In summary, short-term market volatility is increasing, whales are on the move, and small investors should be cautious! ⚡