Bitcoin’s Whale vs Retail Delta has reached its lowest level since January 2024, around the ETF launch, when strong short pressure from whales appeared during a phase of excessive market optimism. Now we are seeing a similar behavior pattern. A large number of people are confident that the bottom was at 60k usd. At the same time, data from the top exchanges shows whales closing longs and opening shorts, while retail traders are doing the opposite. I do not want to become bearish based only on this indicator, but it is important to respect what the data is showing. In the short term, whales do not seem as optimistic about Bitcoin as retail traders are. Data > Narratives @Alphractal
Joao WedsonShare
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