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Bitcoinist 2026-03-30 16:00:32

Bitcoin Lingers Below $70,000 As Resistance Holds Strong – Here’s What Whales Are Up To

Bitcoin’s current volatile action has kept its price below the $70,000 level, suggesting a weakening market structure . This persistent trading below the resistance range over the past few days has shifted the asset into bearish territory, which is starting to impact investors’ activity across the market. Waning Momentum Impacts Bitcoin Whales While the crypto market is facing volatility, Bitcoin has pulled back to key support levels . BTC’s price action is still below the crucial $70,000 mark, and the behavior of large holders is starting to change as a result of the extended decline. In reaction to the stopped momentum, whales, who are sometimes seen as the market’s most important participants, seem to be modifying their activity, either reducing accumulation or taking a more cautious approach. Market expert and investor Crypto Tice on X reported that these large investors are starting to bet against the flagship asset as bullish momentum fades. Given the market structure at this point, the expert stated that this is not something that market watchers or traders should overlook, as it carries significant implications. This change occurs as BTC’s failure to generate a notable rebound triggers concerns regarding its strength or stability in the short term. Furthermore, the interaction between subdued price action and whale behavior could play a crucial role in shaping the asset’s next move in the upcoming weeks . Crypto Tice has underlined a divergence between whales and retail holders, who appear to be moving in a different direction. While large holders are betting against BTC and opening short positions, retail investors are steadily chasing the long side. Many may consider this divergence as bearish noise, but the expert claims that this is a signal that needs to be monitored. This is because whales do not build short positions for fun. Rather, they do so because they see something that retail investors fail to see. As seen in the chart, the same whales that accumulated at the bottom are leaning toward the short side. Even those who sold at the top and those who have been right every single market cycle are shifting to the short side. In the meantime, Crypto Tice believes that following the smart money, not the crowd, could be a good move. BTC Is Entering Crypto Exchanges Bitcoin ’s bearish performance has currently triggered a new wave of selling activity on cryptocurrency exchanges. By analyzing the Bitcoin Short-Term Holder P&L to Exchange Sum on the 24-hour time frame, Crypto Tice shared that over 21,700 BTC was moved into trading platforms within the period. According to the expert, every single coin was sold at a loss. Even though not all transfers result in quick sell-offs, the magnitude of this movement may cause traders to reevaluate short-term market sentiment Crypto Tice highlighted that this kind of distribution activity aligns with raw capitulation and panic selling at its most painful level as weak hands break in real time. The data clearly shows that every time this volume of loss selling hit exchanges, a bottom was forming underneath the surface, suggesting that BTC’s price may be approaching its next market bottom.

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