$TRUMP Whale Frenzy, ETF Surge, Is Bitcoin Brewing a Surprise Attack?

Bitcoin is either a final push towards 96K or just an illusion before a reversal?

Since the beginning of the year, Bitcoin has been experiencing wild fluctuations. After a pullback from its high of $109,000, bullish momentum has not only persisted but has repeatedly counterattacked, breaking through the key resistance of $88,500 in a continuous rise, reaching a high of $94,100.

Key Data Overview:

Glassnode shows that super whales (holding over 10,000 BTC) are accumulating at the fastest pace since 2020;

Mid-tier whales (1k~10k BTC) are also steadily increasing their holdings;

Spot ETF inflows soared to nearly $1 billion in a single day, setting a record since November last year, with institutional funds fully unleashed.

However, the long-short battle remains ongoing:

The long-short ratio is 0.9841, with a large number of hedged positions still in play;

Long positions account for 49.56%, while shorts make up 50.4%, indicating a neutral short-term market;

Although the MACD trend is bearish, the RSI shows a bullish crossover, intensifying the technical divergence.