Bitcoin Whales Reduce Long Positions as Familiar Market Structure Reemerges
- Whale Position Reduction: Bitcoin whales, who held long positions peaking at 73,000 BTC in late December, have begun to unwind these positions, indicating potential significant directional moves as prices stabilize around $90,000.
- Market Structure Analysis: The current reduction in whale longs mirrors past cycles, typically occurring near price floors rather than peaks, which may pave the way for subsequent strong upward movements, as historical data shows whale behavior often precedes rapid price rebounds.
- Ownership Structure Shift: In 2025, whale wallets reduced holdings by approximately 220,000 BTC, while smaller investors continued to accumulate, suggesting a transition towards a more distributed ownership structure that could lead to more stable long-term uptrends.
- Volatility Expectations: Although whale selling may be interpreted as a bearish signal, analysis suggests this reflects more of a portfolio rebalancing, with the market likely needing further price swings to reset funding rates and open interest before the next sustained advance can occur.
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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 | 36100.923 | 48050.461 | 60370.943 | 72320.481 | 84640.963 | 96590.501 | 108910.983 |
| Fibonacci | 48050.461 | 57321.609 | 63049.334 | 72320.481 | 81591.629 | 87319.354 | 96590.501 |
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