Cryptocurrency Markets Face Pressure as Major Whales Close Positions

Concerns about a potential cryptocurrency market downturn are increasing, fueled by the actions of prominent investors like Machi Big Brother. This influential whale recently liquidated all long positions, netting profits exceeding $33.8 million, which is contributing to these anxieties. 📊 The Bitcoin price has struggled to break through the $120,000 resistance level twice, and its weak trading volume during upward movements signals a lack of strong buyer support. Meanwhile, Ethereum continues to rise but indicators suggest signs of overvaluation, with weak volume during breakout attempts and divergences in key technical indicators increasing risk perception. 📈.