Whales Buying Bitcoin Like It’s on Sale – But Will the Market Crash? Find Out!

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So, Bitcoin‘s price just hit a monthly high, like it’s doing a victory lap at $87,000. Because why not, right? It seems like everything’s going great—macroeconomic conditions are, of course, “favorable” (when is that ever not the case?), and key investors are feeling extra confident. But hold onto your hats, folks, because there’s a plot twist coming… 🧐

Despite the cheers, the long-term holders are seeing profits drop to a two-year low. So, if you’re a long-term holder, maybe try not to cry into your coffee just yet? It’s fine. It’s probably fine. 😬

Bitcoin Whales Are Like “We Got This”

Oh, and guess what? The whales and sharks (no, not the sea creatures, although that would be way cooler) are going wild, buying up Bitcoin in bulk like it’s Black Friday. We’re talking about 53,652 BTC over the past month—around $4.7 billion. Yes, you read that correctly. Some big players are scooping up Bitcoin while it’s dipped, thinking, “Hey, why not invest in the thing that keeps making people rich despite all the drama?” 😎

The big investors are staying bullish, showing off their belief in Bitcoin’s potential. While the rest of the market’s sweating over Bitcoin’s price swings, these big players are just chilling, waiting for the big payday. Ah, the life of a whale… 🐋

The MVRV Long/Short Difference indicator, which is just a fancy way of saying “Hey, who’s making money and who’s not?” is at a two-year low. Short-term holders (STHs) are cashing in their chips like it’s Vegas. But here’s the kicker—when the short-term holders are in charge, it’s a sign that people might want to sell. Which could send Bitcoin’s price on a downward spiral. 🙈

So, yeah, if the STHs start cashing out, we could see some price chaos. But, don’t worry—those whales are still buying. Maybe they know something we don’t. 😏

BTC’s Next Big Goal: $90,000 (If It Can Survive the Drama)

Right now, Bitcoin is holding strong at $87,463, trying its best to cling to that key support level of $86,822. But, hey, if it falls, things could get a little… sticky. We’ve seen this before, and it’s not pretty.

If Bitcoin keeps it together and stays above $86,822, it could go for the next big resistance level at $89,800. But the real goal? Hitting $90,000. If Bitcoin can pull that off, we might see it rise even higher—because hitting that $90,000 mark is like hitting a milestone in a video game. Everyone gets excited. 🎮

But, and this is the big “but,” if Bitcoin can’t hold its ground, it might be headed for a serious dip. If it breaks below $86,822, the next stop could be $85,204. And if that doesn’t hold? We’re looking at a trip down to $82,503. Ouch. 🤕

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2025-04-21 12:11