🚨 Bitcoin on the Brink? OG Whales Are Cashing Out—Can Bulls Hold the Line? 🚨
Bitcoin on the Brink? OG Whales Are Cashing Out—Can Bulls Hold the Line? 🚨
Bitcoin is dancing on a tightrope, and veteran whales are leading the charge! 🐋💸 According to a fresh June 5 report from Glassnode, BTC is under serious pressure as long-term holders rake in juicy profits—leaving the bulls scrambling to hold the line at $95,600. 😨
🔍 Here’s what you need to know 👇
💥 The Breakdown Begins…
After slipping below the key $103,700 level, all eyes are now locked on $100K—the psychological battlefield. If BTC loses that ground, the $95,600 mark becomes the make-or-break zone. As of now, Bitcoin is hovering at $101,280, down 3.8% in the last 24 hours. 📉
🔥 Whale Moves & Buyer Zones
Glassnode’s Cumulative Volume Delta heatmap just dropped some alpha 🧠:
🔸 Hot buyer zones:
- $81K–$85K
- $93K–$96K
- $102K–$104K
These clusters? 👀 That’s where big-volume BTC movements happened—aka, the demand trenches.
🧠 The Math Behind the Madness
Glassnode flags the 0.95 SSD quantile ($103,700) as the first real support, followed by 0.85 quantile ($95,600). Traders are now glued to charts, watching if new buyers can soak up all the sell pressure. 🫧
📊 Meanwhile, the short-term holder cost basis is sitting at $97,100, with volatility bands stretching from $83,200 to $114,800. A dip below $97K? That’s historically where drawdowns get ugly. 😵💫
🐳 Veteran Whales Are Cashing In — HARD
The whales who stacked BTC between $25K–$31K and $60K–$73K? They’re now cashing out with an average of $1.47 billion/day last week. Yup, billion with a B. 💰
🧾 Some perspective:
This is the 5th time in this cycle that profits have exceeded $1B in a single day.
🔍 Even crazier?
Holders with 12+ months under their belts are selling 3x more than short-term traders. It’s classic late-cycle action: OGs unload bags while newbies try to hold the fort. ⚔️
⚠️ What Happens If $95,600 Breaks?
If this critical SSD support doesn’t hold, expect BTC to fall back to $97,100—but this time as resistance, not support. 🤕
From there, next stop: $83,200—the last line of defense from the March correction.
📈 TL;DR – Bitcoin Bulls, It’s Crunch Time
- BTC must hold $95,600 to stay bullish 🧱
- OG whales are dumping billions in profits 🐋
- Market structure hints at late-cycle rotations 🔁
- Below $97,100? Expect heavy volatility ahead 🌪️
👉 Bitcoin isn’t dead—but it’s facing one of its biggest tests this year. Will new buyers rise to the challenge, or are we about to watch another leg down? ⏳
Stay tuned. Stay sharp. Stay RADAR. 🎯
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