JUST IN: Jeffrey Wilcke appears to have withdrawn 105,737 ETH from Kraken via 8 new wallets, just an hour after depositing the same amount, according to Arkham's data.
$ETH Level 2 ecosystem soars to new heights with a historic peak of 13.6 million unique addresses — a 74% increase in 7 days. Level 2 dominance reaches 6.69x with over 832 thousand weekly transactions.
Let's take a look at the current situation with Bitcoin. The market clearly sees the level at $95,000 as a key resistance point. This explains the cautious trading around the current price with a focus on the liquidity of demand and supply.
It's interesting to observe the rise of passive levels: $83,000, then $85,000, and now $90,000 - $93,000. If the price reaches $90,000 - $93,000 this week, it will be important to see if buyers can take control.
A breakout to $96,000 will likely require some catalyst to motivate buyers to take more active actions, which have not been observed recently.
Class, BTC perfectly worked out according to our scenario! 😎 The drop to 94700$ is a bit concerning, I thought we would see a pullback to 85k$. Although, to be honest, for the global picture, this is not critical - the target of 100k$+ and higher remains in force. Without a pullback, it would be perfect! 💥
Right now, the main thing is whether we will consolidate at the current levels? We see the first reaction from sellers, but so far only at 95k$, which is positive for the bulls! We continue to monitor the situation.
⦁ High liquidation risk: The market is overloaded with leverage, creating conditions for cascading liquidations. ⦁ Long liquidations: Highly leveraged long positions have already been liquidated. ⦁ Risk zone: Bitcoin is in a dangerous zone due to the high level of leverage in the market. ⦁ High liquidity on both sides: Kingfisher data shows significant liquidity accumulation from both sellers (shorts) and buyers (longs): ⦁ Shorts above $85,000. ⦁ Longs below $84,400. ⦁ Narrow range: A small price range creates ideal conditions for liquidations in either direction. ⦁ Warning: The maximum leverage level signals a high probability of significant losses for market participants. Exercise extreme caution!
SOL daily timeframe approached the upper trendline and on the 4h timeframe formed bearish divergences, I will not close the main Long position, but a hedge wouldn't hurt!
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