Cryptocurrency analysis company Alphractal pointed out notable movements in the Bitcoin market in its latest assessment. According to the company's statement, at $95,000, large investors, namely whales, started to show interest in short positions again while closing their long positions. The innovative “Whale Position Sentiment” indicator developed by Alphractal analyzes transactions of $1 million and above on major exchanges and open interest size (Open Interest) together to reveal whale trends in the market. If this indicator shows a decrease while prices are rising, it means that whales are switching to short positions. Conversely, when the indicator rises, whales are switching to long positions, and this is usually seen to go hand in hand with the price increase. According to the analysis, this metric has historically shown a 93% correlation with Bitcoin price action. Alphractal warns: If the indicator continues to fall, the probability of a correction in Bitcoin may increase. However, if the decline stops, the uptrend may continue. According to the company's long-term “Power Law” model, Bitcoin is unlikely to be below $45,000 in 2026. *This is not investment advice.
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