Bitcoin’s bike bull is done, prices could fall lower due to whales action

Bitcoin has reached the end of his cycle of bull and the market will face bears or lateral beds in the next few months, according to the Cryptocuant CEO Young.

In a recent mail, Cryptocual CEO Ki Young predicts that in the next six to 12 months Bitcoin (Btc) See “the bear or sideways to the side.” To support his conclusion, he shared the historical chart, which emphasizes the BTC index of profit and loss of cyclic signals from 2014. to 2024. Years.

At the time of pressure, Bitcoin decreased by almost 0.8% in the last 24 hours of trading. The largest cryptocurrency market cover currently trades with their hands to $ 82,752, according to data from crypto.news. In the past month, Bitcoin was on decline, decreases by 15%.

Huge whales selling bitcoin in large portions

In a separate post, it shared its analysis that applied the main component of the analysis on the chain, such as the market value of the value of the value, spent output exit ratio and took into account net unrealized gain / loss. He used it to calculate 365 days moving average to identify milestones in a one-year average trend.

“Every metric metric metric signals bears. With a fresh liquidity, new whales sell Bitcoin at lower prices,” he told him in his post.

Not long after it has published her an analysis, a whale It was discovered on a chain closing its short position Bitcoin and earned $ 4.06 million earnings in just three trading days. Kit is known for Ethereum opening (El) Long position at 50K levers, worth about $ 200 million on hyperlikuid 12. Marta, leading to a platform that suffers a loss of $ 4 million.

Toward data From condensence, the whale deposit of about $ 17.82 million was found (USDC) To hyperliquid as a margin in the last three days to a short BTC with a 40K lever. Recently, the address closed all of their positions and withdrew about 21.88 million uses back to the wallet.

After closing all his positions, the whale spent 6.11 million USDC to buy 3202 Eth. Not only that, the merchant also sold $ 3.28 million in exchange for 1,040 Pakg (Pakg) Tokens.

In recent days, traders saw inflow whales that open huge long and short and short positions with a high influence on hyperliquid. 17. Marta, Anonymous Kit was “hunting down” Cripto Traders for start A short position for about $ 450 million worth Bitcoin on the 40k lever.