Bitcoin Sell Pressure Cools With 27% Breakout in Sight, But Whales Have Other Plans
BeInCrypto
Bitcoin displays a potential bull flag breakout, though large whale distribution and smart money indicators suggest ongoing caution among institutional players.Summary
Bitcoin is currently forming a bull flag pattern following a 27% rally, with cooling sell pressure supporting the case for a potential breakout. While on-chain data shows tightening supply and rising short-term profitability, these bullish signals are offset by institutional trends. Notably, the largest whale wallets have been steadily reducing their holdings since February, and the Smart Money Index has recently signaled increased caution. The asset's immediate direction hinges on critical support at $75,975; a drop below this could invalidate the breakout, while a move above $82,830 would confirm the bullish trend.
(Source：BeInCrypto)