Whale Accumulation vs. Market Fear: What’s Next for BTC? 🐋
The numbers are clear: the big players are loading up. Whale wallets added approximately 53,000 $BTC last week, marking the largest buying spree since November. This massive accumulation is backed by MicroStrategy adding 1,142 BTC to its treasury.
Technical Snapshot:
Bitcoin is currently trading at $67,964 with a neutral RSI of 42. Key support is identified at $65,000, while the psychological resistance at $69,000 remains the hurdle for a sustained bullish breakout.
The Bottom Line:
With the Fear & Greed Index at an extreme low of (8), historical patterns suggest a potential accumulation zone for smart money. However, stay cautious—exchange inflows of around 3,000 BTC/day could indicate short-term selling pressure before the next leg up.
#bitcoin # #crypto # #trading # #WhaleAlert🔴 # #MrKhaled #
Disclaimer: This content is for educational and informational purposes only and does not constitute financial advice. Cryptocurrency investments carry high risks
. always conduct your own research
