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Data Released: Whales Changed Position in Bitcoin! Here is the Level According to the Analyst Company That BTC Price Will Not Drop Below!
The Crypto currency analysis company Alphractal pointed out notable movements in the Bitcoin market in its latest assessment.
According to the company's statement, at the level of 95,000 dollars, large investors, known as whales, have started to close their long positions while showing renewed interest in short positions.
The innovative "Whale Position Sentiment" indicator developed by Alphractal analyzes transactions of 1 million dollars and above in major exchanges and the size of open positions, revealing the trends of whales in the market by looking at Open Interest together. This indicator means that when prices rise but it shows a decline, it indicates that whales have shifted to short positions. Conversely, when the indicator rises, it is observed that whales are heading towards long positions, which generally goes in parallel with price increases.
According to the analysis, it is stated that this metric has historically shown a correlation of 93% with Bitcoin price movements.
Alphractal warns: If the indicator continues to decline, the likelihood of a correction in Bitcoin may increase. However, if the decline stops, the upward trend may continue. According to the company's long-term "Power Law" model, it is unlikely that Bitcoin will be below $45,000 in 2026.