Bitcoin’s Whale Activity Hints at Shift Towards $80K Zone

New data reveals that Bitcoin whales are shifting their long positions, while retail traders remain firm. This pattern, similar to previous periods of sideways movement, is raising questions about whether the cryptocurrency will revisit the $80K level. Analysis shows a decline in whale participation during recent price shifts, coinciding with earlier periods where Bitcoin stagnated near major highs. The chart reflects this shift as whales are either reducing long positions or increasing short positions compared to retail traders. This typically results in periods of sideways price action, mirroring past slow phases observed in March/April this year.