Recently, the enthusiasm in the cryptocurrency market has rekindled, with on-chain dynamics of Bitcoin (#BTC ) and Shiba Inu (#SHIB ) sparking discussions among investors. Whether you are a 'whale hunter' or a 'Shiba Inu fan', these signals should not be missed—short-term fluctuations come with potential opportunities.#加密市场回调
Medium whales are quietly increasing their holdings, is the BTC bull market signal reappearing? 🦈
According to on-chain data, medium-sized Bitcoin holders holding between 100 and 1,000 BTC are quietly increasing their holdings. This action is strikingly similar to the patterns before the bull markets in 2017 and 2021, when the large-scale purchases by these holders directly drove prices up.
As of now, the accumulation actions of these addresses are still ongoing, showing robust long-term confidence. Although Bitcoin's recent price has slightly adjusted (currently trading at about $108,292), this steady accumulation behavior remains one of the strongest long-term bullish signals in the market. 📊
At the same time, the dynamics of leveraged trading are exacerbating short-term volatility. Data shows that over the past 30 days, long positions have experienced significant liquidations.
However, recent data shows that the concentration of short positions in open interest is at its highest, indicating that shorts are facing squeeze risks.
In the past seven days, Bitcoin entered the largest short liquidation pool directly, followed by a price reversal, indicating that market sentiment is still fluctuating.
On the technical indicators front, MACD remains in negative territory, indicating a weakening short-term bullish momentum; the stochastic RSI is around 20, suggesting Bitcoin is in an oversold state, potentially leading to the next round of action after consolidation.
Overall, BTC may be volatile in the short term, but the medium to long-term trend is still worth watching.
SHIB exchange reserves surge, is the market bearish in the short term? 🐕
Meanwhile, SHIB's reserves on exchanges have skyrocketed by 56.68 billion SHIB in the past 24 hours. On-chain data indicates that these funds mainly come from the migration of self-custody wallets or staking platforms, meaning holders are transferring their SHIB into exchanges. Such behavior typically raises short-term market concerns: an increase in tradable tokens on exchanges means potential selling pressure is heightened, diminishing long-term holding signals, and investor sentiment may be dampened. In the short term, this appears bearish for SHIB.
However, if we observe the situation over a longer time frame, it becomes less pessimistic. From about 90.5 trillion SHIB in exchange reserves in May to the current 82.09 trillion, it is clear that the long-term trend remains that holders are moving towards self-custody wallets, meaning most investors still maintain confidence.
Price-wise, as of the time of writing, the trading price of SHIB is approximately $0.00000991, close to the key support level of $0.00001. If this level holds, the market may see a rebound. However, SHIB has already fallen over 7% in the past seven days and has dropped 18% in the past month, facing adjustment pressure in the short term.
🔮 Market Observation: Whale Accumulation + Exchange Inflows = Increased Volatility?
Combining the two, the market is presenting a thought-provoking picture:
BTC mid-sized holders are accumulating, showing that long-term bullish confidence remains unchanged, but short-term volatility may be exacerbated by leveraged short squeezes.
SHIB's exchange reserves suddenly increased, clearly bearish in the short term, but the long-term trend still leans towards stable confidence among holders.
In other words, the crypto market is currently in a 'cooling consolidation period', where investors need to pay attention to potential bull market opportunities while being wary of short-term volatility and emotional fluctuations.
💡 Summary:
The 'smart money' in BTC is quietly positioning, and the squeeze on shorts may bring short-term opportunities; although SHIB's exchange reserves have surged, the long-term holding trend remains stable. The short-term market may experience frequent fluctuations, but from a long-term perspective, patience is still the key to victory.
Market volatility is not just a numbers game, but more like a battle of emotions and strategies. Investors might as well pay attention to on-chain signals while also keeping an eye on psychological trends—find your rhythm between whales and Shiba Inu!
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