#WhaleAdds$250MBTCLongs

On-chain data in the last 24 hours shows that a whale has opened a long position of approximately 250 million dollars in (long) BTC.
This move is noteworthy in these days when the market is at a critical decision point.

🔹 On-chain observations
• Exchange outflows are increasing: Approximately 15,000 BTC have been transferred to cold wallets in the last 48 hours.
• The open position rate (OI) increased by 7% — indicating that new entries in futures trading are accelerating.
• Funding rates are still at neutral levels, meaning that highly leveraged long positions have not been formed.

🔹 Technical chart
Bitcoin is currently trading around $122,400.
The 121,000 level is strong support, while 124,800 is the first resistance expected to be tested in the short term.
RSI is confirming the upward momentum, while the volume profile is creating space for a new breakout.

🔹 Personal comment
Such a large long position is usually seen at the bottom regions of the market.
The whales taking on risk again, combined with an increase in spot demand, indicates that the rise may continue.
If the price makes a significant close above 124,800, the 128,000 – 130,000 range could be the next target.

Note: This share is solely a personal analysis and comment, not investment advice.

#WhaleAdds$250MBTCLongs