#中美贸易关系 Bitcoin violently spiked to 88877! Whale selling pressure + top divergence resonance, is the market being manipulated by the dog whaler or is it a bull market correction? #CryptoMarketRebound
In the early session, the big coin sluggishly pushed up from 84500, and in the afternoon session suddenly spiked violently to 88877, instantly liquidating $380 million in long and short leverage. The dog whaler's spike was both accurate and fierce, leaving a long upper shadow on the daily line, clearly indicating that there is massive selling pressure from old investors above.
The 4-hour MACD is still showing a golden cross with increasing volume, indicating that the bulls are not completely dead, but the hourly top divergence has already warned—if it can't break above 85000, a pullback to 83500 to wash out leveraged positions is a high-probability event.
Technical analysis: Top divergence and whale selling pressure resonance.
On-chain data shows that around 88800, whales are concentrated on selling, with a single address transferring over 4000 BTC in one day, perfectly aligning with the technical pressure level.
This operation is likely a tactic by the dog whaler and whales to play 'good news turns into bad news,' using Trump's locked position as a good news to pump up the price while distributing chips at high positions, repeatedly harvesting the contract traders.