Whale Charmers and Bitcoin Blitz: The Big Money Bet That Shook the Market

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Bitcoin’s price, that shy, perfumed jester, treads a tightrope between gloom and glitter; yet a chorus-perhaps of wineglass opinions or gamblers with a taste for prophecy-declares a bullish script for the near and the distant. While price action lingers in a waning waltz, the grandees of BTC-those whales, plump with capital and insinuating smiles-continue to stack long positions with a pastime’s relish.

The Gentle Giants Go Long on Bitcoin

In this theater of spasmodic tremors and the sideways promenade, Bitcoin’s investors arrive in numbers not unlike a throng of duchesses at a tea. Joao Wedson, oracle of Alphractal, whispers that Bitcoin’s large participants, those whales, are, with the discretion of a man who knows a secret, slipping into a bullish phase.

As highlighted in the research on the X platform, the cohort continues to accumulate long positions while the broader market begins to set up. The Whale vs Retail Delta Heatmap reveals a clear divergence as institutional players position ahead, while retail remains cautious, but longs still wear the crown overall.

With Bitcoin’s price waning, this suggests that whales are not reacting to short-term noise. Rather, they could be positioning themselves early for a possible shift in direction toward the upside. Such behavior from the cohort hints at a rising confidence in the asset’s medium-term to long-term prospects.

The divergence between Bitcoin and altcoins indicates that large investors are betting their capital on BTC rather than distributing risk throughout the market. Thus, a period of Bitcoin-led market leadership may be unfolding beneath the surface due to the increasing prevalence of whale-driven BTC longs.

In the past, Wedson stated that this setup is capable of increasing the probability of forced liquidations driven by crypto exchanges. However, if the metric continues to display strength, the expert claims that it has mostly occurred close to important market bottoms, especially when whale condition grows across multiple timeframes.

Liquid Seas and Liquidations

Long positions may be growing, but the journey has not been a smooth one. In another X post, Wedson reported that BTC has liquidated a large portion of long positions that were opened over a period of 30 days.

Wedson added that this massive liquidation shows that the majority of traders are still betting on an upside trajectory in the crypto market. However, cryptocurrency exchanges and OG investors are steadily moving against consensus, as they attract easy liquidity from unprepared players.

The Bitcoin liquidation map is telling a story. CryptoPulse’s analysis of the Bitcoin Exchange Liquidation Map shows that sell-side liquidation is currently stacked, which might push the price upward after the recent downside move. This accumulation implies that if the price rises, a significant concentration of short bets may be compelled to unwind, which could increase volatility. Should the structure allow it, a natural relief push is on the horizon.

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2026-01-29 00:22