source avatarBlave

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The data is quite clear: whales are consistently closing long positions and taking profits above the $66K level, indicating an overall downward trend, with short-term fluctuations primarily driven by leverage distribution. Buy pressure for $BTC and $ETH is also showing signs of weakening, and bullish momentum is fading. Without new catalysts, it will be difficult for bulls to regain strength in the near term. Meanwhile, the current weakness in U.S. equities is adding further pressure to the crypto market... Everyone should approach the upcoming market movement with caution!

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