This move by $BTC is accelerating, plain and simple because shorts themselves stepped on the gas for the market. 😮‍💨 Across different reporting periods, approximately $2.7-$3.1 billion in short positions were liquidated. But don't get it wrong: this does not mean the market suddenly received $3 billion in new funds, nor does it mean shorts actually lost $3 billion. As the price rises, short positions are forced to cover; the covering pushes the price even higher, triggering more liquidations. $BTC and $ETH 's acceleration over the past two days was significantly fueled by a short squeeze. But it wasn't all sentiment-driven. $BTC spot ETFs recorded cumulative net inflows of approximately $2.7B from August 17 to 19, including $517.2 million in inflows on the 19th alone. The preliminary figure for the 20th is $103.3 million, but data from some important funds has not yet been released, so it remains to be seen whether the momentum can continue. 👀 I am currently focused on BTC's $73,000 resistance; I will look toward $75,000 after it establishes a foothold above that level on strong volume. Below, watch $72,000 and $71,000. For ETH, watch the $2,330-$2,350 resistance and the $2,250-$2,200 support. Don't chase the liquidation figures; wait for the short squeeze to pass and see whether genuine buying can hold these levels. 🧠

$BTC Large wallets are shaking up the market: what are the $BTC whales plotting? 🐋While retail traders debate where the price will go after the local rebound, on-chain metrics are offering some very interesting food for thought. I watched the large addresses over the past 24 hours—and there is some serious position reshuffling going on.📉 What the whales are doing right now: A well-known anonymous address starting with bc1qsy became active overnight. During the latest price rebound, it dumped another 2,000 BTC (approximately $136.5 million at the current exchange rate). This wallet has already distributed more than 9,500 coins this month. Obviously, it is taking liquidity off the table. Interestingly, earlier today a large player tagged “Set 10 Big Goals” realized losses on shorts, reducing its positions by 1,169 BTC along with a sizable amount of Ether. The guy got thoroughly run over by the trend, and his remaining position is currently down by more than $2 million. The big picture: Despite the local selling, Santiment and CryptoQuant show that mega-whales (those with 10,000 BTC or more on their balances) have collectively accumulated nearly $2.9 billion worth of Bitcoin over the past 60 days. In other words, large capital is systematically buying the dips while the crowd panics. My thoughts on the market: The $71,800 area is currently acting as a strong resistance zone. If we hold the current support and large players stop pressuring the market with volume on exchanges, there is every chance we could see a full breakout to the upside. But locally, due to overbought RSI conditions (already above 75+), we could very well see another correction to sweep liquidity. I am currently looking for local long entries at strong levels, but without going overboard. What do you think? Are the whales unloading on ordinary retail traders, or is this just local reshuffling before a new high? #CryptoAnalysis #BTC #WhaleAlert $BTC

$BTC Truly amazing