Chinese Whale Trend Research Acquires 16,078 ETH for $48.12 Million
- Whale Activity: As Bitcoin fluctuates between $84,000 and $90,000, Chinese institutional whale Trend Research purchased an additional 16,078 ETH for $48.12 million today, bringing their total holdings to 607,828 ETH valued at approximately $1.78 billion, indicating strong confidence in Ethereum.
- New Wallets Buying Bitcoin: Two newly created wallets acquired 1,600 BTC worth $143.6 million from Binance, suggesting significant capital inflow into Bitcoin, which could drive prices higher in the near term.
- Diversified Investment Strategies: A large whale spent $2.66 million in the last two days to buy 8.58 million FARTCOINs, while another whale purchased 2,218 ETH and various other tokens on Kraken, reflecting a growing interest in a diverse range of crypto assets among market participants.
- Active Leverage Trading: A whale opened a 3x long position for LIT on Hyperliquid by transferring 1.8 million USDC to the decentralized futures exchange, demonstrating a keen interest in high-risk trading strategies that may influence future market volatility.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36049.129 | 48024.564 | 60319.149 | 72294.584 | 84589.169 | 96564.604 | 108859.189 |
| Fibonacci | 48024.564 | 57295.712 | 63023.437 | 72294.584 | 81565.732 | 87293.457 | 96564.604 |
About BTC
About the author
