The recent sell-off of 96155 $SOL by a whale, earning $4.5 million, has sparked concerns about the market's direction. Although the whale could have sold at a higher price of $250 not so long ago, the current market sentiment is bearish. However, some analysts believe that we are approaching a major support zone at the $87k mark for BTC, which could potentially halt the downward trend.¹

It's worth noting that despite the bearish sentiment, whales and institutions are still accumulating BTC and ETH. For instance, today's purchases included 8k BTC, 40.6k ETH, and smaller purchases in altcoins. This could be a sign that the market is nearing a bottom, and a reversal might be on the horizon.

*Possible Scenarios..

- *Bearish Scenario:* BTC could drop to $71k, driven by external factors such as Trump's actions to crash the markets.

- *Bullish Scenario:* BTC could bounce back from the $87k support zone, driven by institutional accumulation and whale purchases.

Keep in mind that the cryptocurrency market is highly volatile, and predictions are subject to change. It's essential to stay informed and adapt to market conditions.