Just noticed something interesting in the whale wallets this week. Those big holders who loaded up during the Iran dip a few weeks back are now dumping hard as price bounced to $74K. Classic profit-taking move, but here's the thing — retail is still buying the dips below $70K. That's usually a bearish signal that corrections aren't finished yet. The hip dip pattern keeps repeating: whales accumulate on panic, then sell the bounce to retail chasing it. About 43% of Bitcoin supply is sitting underwater right now, so every rally runs into sellers trying to break even. We hit $74K briefly but got rejected hard. Market sentiment is deep in extreme fear territory too. So here's the fork in the road: either this selling exhausts and we break out cleanly above $74K, or retail runs out of ammo and we test that $60K support for real. The whale behavior this week suggests they're betting on the latter scenario. Bitcoin's been bouncing between $60K and $74K for weeks with zero net progress — lots of volatility, no real breakout yet.

BTC-0.84%
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