So, while the crypto crowd’s mood is slowly turning all grumpy-pants bearish, Bitcoin is doing its usual stubborn thing — clinging above those key support levels that were playing hard to get only a few days ago. Imagine that, BTC refusing to take a break just because everyone else is sulking. All this has got investors all starry-eyed, piling on bullish bets like it’s the last chopper out of crypto-land, but let’s not get too carried away here.
Bullish Bets On Bitcoin’s Climb Pose Risk
Bitcoin’s long positions have ballooned ridiculously after this recent price pep talk, showing that both the suits and the weekend traders have decided to put their money where their hope is. The fancy on-chain data nerds at Alphractal spotted this sudden burst of optimism — probably over a cup of overpriced coffee.
Turns out, for the last three months, long positions basically took over like that one annoying friend who just won’t leave your couch. This spike is a loud “I’m sure this is gonna go up” cheer from investors who think the party’s only just started.
But here’s Alphractal hitting the buzzkill button: “After all those price jumps and the short-sellers getting kicked out, those holding longs are basically dancing on thin ice.” Translation? Don’t be surprised if the music suddenly stops and everyone scrambles for the exits.
Markets have this charming habit of throwing out nasty surprises when they get all overheated and leveraged — kind of like that time you tried to bake, but forgot you were using industrial-strength yeast. So BTC flirting with resistance levels? Yeah, it’s like flirting with disaster. Alphractal’s advice? Pocket your winnings, adjust your “just-in-case” safety nets, and try not to throw your laptop across the room.
Meanwhile, those whale investors (aka the crypto sea giants who think ten thousand BTC is just spare change) are back at it, piling up coins like there’s no tomorrow. Glassnode, that on-chain detective agency, reports that these big fish have pushed the Accumulation Trend Score into positive territory, suggesting they’re hoarding harder than your grandma’s secret cookie stash.
This trend score measures how obsessively these crypto whales are snapping up BTC — and apparently, since April, it’s been climbing steadily despite price mood swings. Wallets with 10,000+ BTC boast a near-perfect 0.9 on the scale (which is basically the crypto version of an A+ student), while mid-sized holders aren’t far behind. Even the smaller guys holding 100-1,000 BTC are joining the accumulation dance at a casual 0.5 score. Talk about FOMO making waves.
BTC’s Price Forms Inverse Head And Shoulders Pattern
Over on X (yes, Twitter but trying to sound more serious), crypto psychic Coin Signals is waving their magic chart wand and forecasting that Bitcoin’s about to bust out to shiny new all-time highs. Their clue? A legendary Inverse Head and Shoulders pattern forming on the daily charts — which is fancy talk for “this might get interesting soon.”
They admit Bitcoin’s patting itself on the back at $76,000 and probably won’t revisit that party again. Instead, according to the oracle, BTC’s gonna surge to a new peak, then take a cheeky breather around $92,600 (the so-called right shoulder), before launching off toward a mind-boggling $140,000 by July. If true, time to start imagining those Lambos and private islands, folks.
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2025-04-25 22:43