招财猫实盘号
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Bearish
#比特币巨鲸动向 2025 July 5: Evidence of three signals of the dealer secretly unloading: (Exclusive to Cat Powder members)
Signal 1: Price hits a new high but trading volume shrinks
From the chart, we can see that BTC previously peaked at $113,954.63, but the most recent rebound only reached $110,995.50 and couldn't go higher. The key point is that as the price approaches the previous high, the trading volume bars below have clearly shrunk (Vol: 8,903.3650), which is a typical "price-volume divergence"—the price wants to rise, but there isn’t enough buying support, indicating that the dealer is quietly unloading rather than genuinely trying to push the price up.
Signal 2: MACD indicator shows "top divergence"
Although the price reached a new high around June 20, the MACD indicator below (DIF: 847.79 DEA: 619.73 MACD: 228.05) did not reach a new high in sync, instead being lower than the previous peak. This situation of "price rising while the indicator does not" is professionally termed top divergence, a typical sign of the dealer pulling out while pushing up. It’s like a vendor shouting loudly to attract your attention while secretly reducing the quantity.
Signal 3: Moving average system begins to become "entangled"
Looking at three key moving averages: MA7(107,911.21) has flattened, while MA25(106,128.38) and MA99(98,620.09) are still rising, but the slope has clearly slowed down. This phenomenon of short-term moving averages "sticking together" indicates that the market has lost its clear direction, which is a common "boiling frog" stage when the dealer is unloading—making you feel it’s just a normal adjustment while they are quietly retreating.
Current stage judgment
Currently, BTC is at $108,062.8, which is 1.04% lower than the 24-hour high, but the marked price (108,063.2) and spot price are almost flat, indicating that there is no strong bullish sentiment in the futures market either. Combining with Wyckoff theory, this is likely a late feature of the "distribution phase"—the dealer has already unloaded most of their inventory, leaving only the final cleanup work.
At this time, the Cat Army should be particularly cautious and not be lured into buying by a sudden rebound. Remember: when the dealer wants you to see an "opportunity," it often is precisely the trap they have set up. When $BTC btc crashes, the altcoins will only crash harder.
Signal 1: Price hits a new high but trading volume shrinks
From the chart, we can see that BTC previously peaked at $113,954.63, but the most recent rebound only reached $110,995.50 and couldn't go higher. The key point is that as the price approaches the previous high, the trading volume bars below have clearly shrunk (Vol: 8,903.3650), which is a typical "price-volume divergence"—the price wants to rise, but there isn’t enough buying support, indicating that the dealer is quietly unloading rather than genuinely trying to push the price up.
Signal 2: MACD indicator shows "top divergence"
Although the price reached a new high around June 20, the MACD indicator below (DIF: 847.79 DEA: 619.73 MACD: 228.05) did not reach a new high in sync, instead being lower than the previous peak. This situation of "price rising while the indicator does not" is professionally termed top divergence, a typical sign of the dealer pulling out while pushing up. It’s like a vendor shouting loudly to attract your attention while secretly reducing the quantity.
Signal 3: Moving average system begins to become "entangled"
Looking at three key moving averages: MA7(107,911.21) has flattened, while MA25(106,128.38) and MA99(98,620.09) are still rising, but the slope has clearly slowed down. This phenomenon of short-term moving averages "sticking together" indicates that the market has lost its clear direction, which is a common "boiling frog" stage when the dealer is unloading—making you feel it’s just a normal adjustment while they are quietly retreating.
Current stage judgment
Currently, BTC is at $108,062.8, which is 1.04% lower than the 24-hour high, but the marked price (108,063.2) and spot price are almost flat, indicating that there is no strong bullish sentiment in the futures market either. Combining with Wyckoff theory, this is likely a late feature of the "distribution phase"—the dealer has already unloaded most of their inventory, leaving only the final cleanup work.
At this time, the Cat Army should be particularly cautious and not be lured into buying by a sudden rebound. Remember: when the dealer wants you to see an "opportunity," it often is precisely the trap they have set up. When $BTC btc crashes, the altcoins will only crash harder.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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