Bitfinex Whale flips to Sell Mode
However, $45,000 was reappeared for the first-time since the beginning of the month. This was a result of all-too familiar behavior by some of Bitcoin’s largest investors.
Bitfinex, an exchange that is well-known for large-volume traders or whales who guide short-term price action through their trades, attracted the attention of the media.
Pentoshi, a popular trader, noted that the entity that bought BTC at a low of $34,000 has now placed a substantial ask at $45,000.
— Pentoshi (@Pentosh1)
March 25, 2022
William Clemente Blockware analyst, shared his insights with Twitter users, saying that it was now “popcorn-time” for the market.
Michael van de Poppe (Cointelegraph contributor) meanwhile identified “a dozen” potential lower price targets should BTC/USD clear liquidity at previously rejected points starting March. These are also just above $45,000
“I’m certainly not saying that I’m bearish, but while you’re making this buildup, I’m really not interested in longs right now,” he stated in his most recent YouTube update.
He said that only a $50,000 rechallenge would give the push to take on long positions.
Trade: “No longer” Ethereum
Van de Poppe said that altcoins are also on the radar. It would be interesting to see Ether ( ETH) deal with any upcoming resistance.
The market capitalization of the top ten cryptocurrency markets was clear. ETH/USD led the pack, matching Bitcoin’s 5% gain.
It’s not a large area for me. pic.twitter.com/NalEyg6Jiu
— Michael van de Poppe (@CryptoMichNL)
March 25, 2022