Two Analysis Companies Said "Bitcoin May Bounce Between These Two Prices Like a Ping Pong Ball", Revealed the Latest Moves of Big Whales!

Crypto analysis companies Alphractal and CryptoQuant made significant assessments regarding the latest state of Bitcoin.

Alphractal draws attention to the differences in short-term liquidation levels between Bitcoin and Ethereum, while CryptoQuant stated that whales continue to buy despite the weakness in network activity.

In a statement made by Alphractal, it was noted that the liquidation levels of Bitcoin are more pronounced in the short term compared to Ethereum. The analysis indicating that Bitcoin has accumulated between 74,000 and 84,000 dollars pointed out that sudden fluctuations occurring within this 10,000 dollar price range could pose a risk for investors.

“Price fluctuations of $10,000 that may occur in Bitcoin can lead to double-sided liquidations. This can create a ‘ping-pong’ effect within the market.”

On the Ethereum side, it was noted that there is a more balanced view in terms of liquidation levels, with both short and long positions being seen at equal levels. However, it was reported that the liquidation risk of short positions, which have increased around 1800 dollars, should not be overlooked.

On the other hand, CryptoQuant reported that despite low activity on the Bitcoin network and weak individual demand, whale reserves have increased in recent weeks. Following the stagnation between December and February, it was stated that more than 100,000 BTC have been added to the wallets of major investors since the beginning of March.

The analysis included the following assessment: “The decline in prices did not have a negative impact on the ‘smart money’ that buys in price ranges that institutional investors are interested in. While small investors are withdrawing due to uncertainty, large players are taking the opportunity to reduce costs.”