Whales continue to sell off, with Galaxy Digital transferring over 10,000 BTC within 8 hours, including a single sale of 2,850 BTC, significantly increasing short-term selling pressure.



Currently, BTC has fallen below the key support level of 1170, and is oscillating around 1156. If the 1160 level, where bulls and bears are contesting, is breached, it could trigger stop-losses for short positions worth $960 million and cause a sell-off for long positions, significantly increasing the probability of dropping to the gap at 1143.

Currently, BTC is in a consolidation phase, with market sentiment being cautious and overall risk being high. Conservative investors are advised not to bet on a direction for the time being and to wait for clear breakout signals before taking action.

However, the pullback itself is also a normal rhythm of the market. The bullish pattern has not changed, and it is possible to consider staggered layouts without excessive panic.
BTC1.8%
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