Just look at the whale addresses in the chart. Oh no, oh no, oh no, today a massive whale suddenly dumped. An extreme market sentiment has appeared. What exactly is happening behind the scenes? Did the big whale really start selling? Or is it just a wallet reorganization? We currently have no way to confirm. Especially at such a critical level, with a large whale showing such a big move. I think we need to be cautious.

Or, let’s review the history. The last major move by whales happened on February 6th, when the price sharply dropped to the lowest point, touching around 60,000. During that time, they bought over 4,000 BTC. Since then, the price has stabilized above that level and has remained there until now. Going further back, on January 1st, there was a buy of over 13,000 BTC, which led to nearly 10,000 points of increase over the following two weeks. Then, on November 14th last year, when the price fell below 98,000, there was a sell of over 3,000 BTC. There are other instances too, but they follow a similar pattern. So, could today’s net outflow of 7,609 BTC likely cause this downward trend? I think it’s worth paying close attention to this validation.

Currently, the price shows signs of a slight downward trend.

In my view, in the short term, if the price falls below 66,500 and continues to fluctuate downward, the target could be below 65,500, possibly even breaking below 65,000 to around 64,300. As for whether it will go even lower, that’s uncertain at this point.

I personally lean toward a sideways downward correction for the current price.

Of course, if in the next few hours, the price doesn’t fall but instead rises and breaks through 67,500, and can stay above that level steadily, then my idea of a sideways downward correction might be wrong. The price could continue to rebound or even rise. In that case, the target might be around 68,800.

So, I think the trend in the next few hours will basically determine the rhythm of the next few days.

Finally, the only way to reverse the current downward trend is the easing of Middle East tensions. But even then, what will emerge is just a big rebound within a bear market environment.