đ¨ Bitcoin Battles $116K Resistance Amid Whale Shorts & Institutional Buys â¨ď¸
⢠Bitcoin trades at $115,352 (+0.18%) with a $2.29T market cap and 58.3% dominance.
⢠24h Volume: $71.08Bâ|âFear & Greed Index: 42 (Neutral) â market remains cautious near resistance.
Core Drivers
⢠Bearish Whales: A major whale expanded short positions to $498M, signaling expectations of a pullback.
⢠Institutional Buyers: Corporates bought 220 BTC & 200K ETH, showing strong long-term conviction.
⢠On-Chain Alerts: 95% of BTC holders in profit â historically a correction zone. Dormant wallets are reactivating, hinting at profit-taking.
⢠Market Recovery: BTC continues its relief rally after the $19B liquidation crash, supported by retail inflows.
Key Risks
⢠Whale Pressure: Nearly $500M short exposure could trigger another drop.
⢠Macro Sensitivity: Any hawkish Fed comment may spark risk-off sentiment.
⢠Profit-Taking: With most wallets in profit, watch for cascading sell-offs.
⢠High Leverage: Recent $19B liquidation proves volatility risk remains high.
Bitcoinâs next move hinges on the $116K breakout. Caution is essential â whales are shorting, institutions are buying, and volatility is far from over.