Bitcoin Eagle 🦅 5.27 Accurate Market Analysis
Brothers, good afternoon. How will the market move next?
Let's analyze it rationally.
First, there is a core piece of data: the on-chain whale index,
which represents the rhythm and degree of whale accumulation.
Data from the past few days shows that whales are still continuously accumulating,
indicating that we are definitely not at the top of BTC.
Otherwise, if it were the top, whales would definitely be selling,
and the whale index would be decreasing instead of increasing.
When BTC dropped to around $75,000,
we reminded everyone to stay calm and not panic,
part of this confidence came from seeing the whale index, which gave us assurance.
At that time, the whale index also showed signs of accumulation.
However, the recent macro environment is too poor:
U.S. tariffs are negative, the U.S. stock market is about to drop, and U.S. bond yields are rising.
Therefore, BTC will likely consolidate around the current price for about half a month.
Altcoins will continue to remain sluggish, so we do not recommend buying too many altcoins.
There are rumors that Trump Media & Technology Group, under Trump, plans to raise about $3 billion
to invest in Bitcoin and other cryptocurrencies.
This news has not yet been confirmed,
but it reflects that the U.S. president and the elite are optimistic about the future of cryptocurrencies.