Major players have dumped 400 million! Is Bitcoin hitting the "emergency brake"? The warning signal has been sounded?
Brothers, pay attention! Large funds may be "running away". The latest on-chain data shows that in the past 12 hours, so-called "major players" or "whales" have staged a large-scale sell-off.
$BTC has cumulatively sold large orders amounting to 145 million USD, while large purchases are only about 89.98 million USD. With money flowing in and out, the net outflow exceeds 54.74 million USD (approximately 390 million RMB). The buy-sell ratio has reached 1:1.61, simply put, the selling pressure far exceeds the buying interest. Especially at specific times in the afternoon, major players concentratedly dumped in two waves, with a total value exceeding 22 million USD, firmly suppressing the price increase like a wall.
This is not a good signal. From a technical perspective, the short-term candlestick pattern shows that the price has repeatedly failed to break through a certain level, forming a structure similar to a "flat top", while some indicators have already entered the "overbought" zone. Although the medium-term trend indicators still show upward momentum, this wave of withdrawal by major funds could very likely become a key turning point for short-term trends.
The risk of a short-term correction has sharply increased. When the whales start to collectively turn and express their stance with massive sell orders, the market's direction is likely to change. This is not about guessing the top, it's about observing signals.
For the brothers, now is definitely not the time to chase highs; instead, you should consider taking profits in batches or at least setting stop losses. Even in a bull market, there will be sharp declines, and this time, the trigger for the drop may have already been pulled by the major players.
The market has just experienced a bloodbath; are you stuck? Unsure when to bottom out? Confused and helpless about what to do? I will prepare for a big wave in the upcoming market; this time, a successful all-in can definitely lead to substantial profits. Want to witness it? Join the Binance chat room.
