Large Fund Movement of 31,304,867,685! Is Bitcoin Signaling a Reversal?
In the last 12 hours, on-chain data has captured signs of unusual activity from major funds: large buy orders have accumulated nearly $240 million, significantly outpacing sell orders by nearly double, with a net inflow exceeding $110 million.
Especially that $45 million 'whale buy order' this morning, which directly hit a key support level, clearly indicating that institutions are quietly bottom-fishing.
Although the 2-hour candlestick chart has shown three consecutive bearish candles (black three soldiers pattern), suggesting a bearish advantage, a closer observation reveals that prices are repeatedly testing the same low range, with lower support lines gradually solidifying, indicating that selling pressure may have bottomed out.
Technical indicators are also releasing contradictory signals — KDJ has fallen into the oversold zone (J value below 20), theoretically indicating a demand for a rebound, while the strong buying from major funds further reinforces this expectation.
However, the current market is not without risks!
Trading volume continues to shrink, at only 46% of the recent average, and insufficient liquidity may amplify volatility. If volume does not support the rebound, the risk of a pullback will significantly increase.
Personal Opinion: In the short term, there are clear signs of major funds accumulating at low levels, combined with oversold indicators, making the probability of a rebound relatively high.
But in the medium to long term, attention must still be paid to macro factors (such as Federal Reserve policies) and regulatory dynamics.
If it breaks through the key resistance level of $108,000 with increased volume, the trend reversal signal will be more definitive.
Remember, don't be frightened by the superficial 'black three soldiers' pattern; the movements of large funds often hide deeper significance!
For the upcoming layout direction, an expected gain of over 10 times is not an issue; like + comment, and I will guide you through the entire bull market!
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