Two cryptocurrency analytics firms, Alphractal and CryptoQuant, have offered insights into Bitcoin’s current market state. While analyzing short-term liquidation levels, both companies observed contrasting trends. Alphractal highlighted the pronounced differences in short-term liquidation risk between Bitcoin and Ethereum, predicting potential volatility driven by price fluctuations in a $10,000 range that could lead to double-sided liquidations. This, they say, will create a ‘ping-pong’ effect within the market. Conversely, CryptoQuant observed strong whale activity despite relatively low network activity. The firm reported an increase in large investor reserves of over 100,000 BTC since March, suggesting that institutional interest remains strong even with Bitcoin price fluctuations. These findings suggest a divergence in market sentiment and highlight the contrasting approaches of different investors.