BTC is currently trading approximately 7% lower than its record high of $112,000. The reason behind this decline is a renewed selling pressure and broader market implications. However, beneath the surface, subtle divergences are growing.
Although the general market sentiment is edging toward caution, whales are secretly hoarding the token. The overall divergence between the Whale and Retail ratio shows a significant disparity.
There is a clear disparity between the two, suggesting that whaling activity is prevalent in certain aspects of the landscape. Historically, this shift is often followed by a bullish trend due to increased institutional interest.
Although things appear rocky, BTC remains at a critical mark of $100,000. The $100,000 mark is primarily a psychological threshold that the token must maintain. The token must maintain this mark to remain in the bullish range.
Failing to hold this lion can lead to another cascading effect where the token, along with others, might crash and position the market for a bearish slump. Hence, making the current situation more complicated.
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