Bitcoin price recently knew the crucial resistance at $ 100k, making it the 5th largest active, which exceeds Amazon’s market capitalization. Since then, the entire market has become extremely bullish. Bitcoin rose above $ 103,000, while Ethereum managed to rise nearly $ 2400. On the other hand, the Memecoins rose with a huge margin, with the price of Pepe that yields more than 40% profits in 24 hours. After a huge increase, however, the markets consolidate within a narrow reach, but around the win.
In the meantime, whale activity has expressed some concern about the coming price action.
Whale activity plays an important role because it deeply influences the sentiments of the market participants. The rise in whale accumulation usually increases the bullish sentiments, but the decrease in their participations calls out concern. In the meantime, this newest whale movement has increased SCEPSIS on the next price promotion from Bitcoin, Solana and Ethereum. According to the data from Lookonchain, a whale 13m USDC depicted to hyperliquid in order to be short of these 3 top cryptos with 5x leverage.
According to some analysts, this is a case of despair capital, which is disguised as a conviction. A 5x leverage about these tokens after a macro outbreak and reflexive inflammation does not demonstrate their intelligence. This does not seem to be covered, but a bet against Momentum, liquidity, faith and reflexivity in one go. This type of trade works on structurally broken markets or when the stories collapse.
The market sentiments are currently reversed when the retail trade wakes up, with the institutional flows return. One possibility could be that they could have bet on the Bearish promotion in the long term, probably the next Bear Market. However, the inflammation of the Bear Market is a bit compressed, with the ETF streams, sovereign adoption and the re-introduction of the retail that slows the bearish process.
Although the bullish possibilities are higher, the private participants must remain vigilant during the coming price action, because the increase in volatility can attract more whale activity.