🎁🎁Data Released: Whales Changed Their Position in Bitcoin! Here’s the Level According to Analyst Company That BTC Price Won't Fall Below! 🎁🎁
Cryptocurrency analysis firm Alphractal reported notable developments in the Bitcoin market. The "Whale Position Sentiment" indicator developed by the company is used to analyze the market trends of large investors (whales). This indicator reveals whale trends by evaluating transactions of $1 million and above in major exchanges along with open position size (Open Interest). It is observed that when prices rise and the indicator shows a decline, whales are shifting to short positions, while when the indicator rises, they are shifting to long positions, which generally runs parallel to price increases.
According to Alphractal's analysis, it is stated that this indicator has historically shown a 93% correlation with Bitcoin price movements. This indicates that whale activities have a significant impact on market movements.
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The company indicates that if the indicator continues to decline, the likelihood of a correction in Bitcoin may increase; however, if the decline stops, the upward trend may continue. According to the long-term "Power Law" model, it is unlikely that Bitcoin will be below $45,000 in 2026.
This model predicts that the price of Bitcoin follows a certain pattern over time and can reach specific levels in the long term. However, it should be noted that such models may not fully reflect future market conditions and can change due to various factors.
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