🚨 Breaking News from the Crypto Circus! 🚨 In the past 24 hours, those big, bad Bitcoin whales-you know, the ones with wallets deeper than the Mariana Trench-have gobbled up over 10,000 BTC! 🍽️💰 According to the ever-watchful Ali Martinez, these sea creatures of the crypto world are on a buying binge that would make Black Friday look like a garage sale. 🛍️
But wait, there’s a twist! 🎭 This feast of BTC comes right after a month-long diet of selling. 🥗 Why the sudden appetite? Well, Bitcoin’s price is hovering near a major support level, and these whales smell opportunity like a shark smells blood in the water. 🦈💸
Whales Feast While the Price Takes a Dip 🍾
Whale wallets holding between 1,000 and 10,000 BTC are back in the game, ending their month-long siesta. 🌴 Ali Martinez tweeted, “Over 10,000 Bitcoin $BTC bought by whales in the last 24 hours!” 📰 Meanwhile, Bitcoin’s price has taken a 7% nosedive this week, dipping below $102,000. But hey, who doesn’t love a bargain? 🛒
Over 10,000 Bitcoin $BTC bought by whales in the last 24 hours! 🐳💥
– Ali (@ali_charts) November 6, 2025
CryptoQuant’s Exchange Whale Ratio has plunged to 0.40-0.45, the lowest in a month. 📉 This means fewer whales are sending BTC to exchanges to sell. Instead, they’re hoarding like squirrels with acorns. 🌰 So, are they preparing for a winter of gains? ❄️💹
Another fun fact: the Profit and Loss Margin for short-term holders is at -11.16%. 📊 Martinez reminds us, “Bitcoin has always rebounded when traders’ realized losses fell below -12% in the last two years.” So, is a bounce on the horizon? Only time-and the whales-will tell. ⏳🐋
Price Clings to Long-Term Support Like a Lifeline 🛟
Bitcoin has hit the 50-week exponential moving average, a level that’s historically been its safety net during market tantrums. 🕸️ Rekt Capital chimes in, saying the RSI is at 44.5, a zone where past recoveries have started. But here’s the kicker: the price and RSI need to form higher lows for a reversal to kick in. Otherwise, it’s just crypto drama as usual. 🎭
Not everyone’s on board with the optimism train, though. 🚂 Crypto Patel warns, “BTC breakdown confirmed, structure flipped bearish.” 😱 According to them, the next stop could be $83,610 unless BTC breaks above $116,400. Buckle up, folks! 🛂
CryptoPotato adds that Bitcoin is testing the 50-week simple moving average, a line that’s been a harbinger of doom when broken. If it doesn’t hold, we might see more downside action. But hey, what’s crypto without a little rollercoaster ride? 🎢
Global Trends Throwing Shade on BTC ☁️
Daan Crypto Trades blames Bitcoin’s woes on shrinking global liquidity, saying, “Once global liquidity starts expanding again, crypto will have its moment in the sun.” ☀️ Other analysts point to widespread selling across the U.S., Asia, and Europe. Ted sums it up: “No recovery until the spot bid happens.” 📉
“Once global liquidity starts expanding again at a rapid pace, the environment for crypto will be much more supportive.” – Daan Crypto Trades 🌍💧
Bitcoin’s market structure is looking a bit wobbly, trading under multiple long-term trendlines. But hey, in the words of Mel Brooks, “It’s good to be the king-or the whale!” 👑🐳
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2025-11-07 12:06