The whales know exactly where the support is...🐋

Judging by the whale trading, the $40,000 +- level could become very strong support for $BTC

—Whalemap 🐳

Funny facts from reputable publications, take the most traded level and say that this is good support. And if you also take into account that BTC today is holding at $62.5K - to indicate support at -50%, then in general it turns out quite strange 🤔

In the global sense, of course it is there, but in such a greedy Fomo market, everyone is interested in more local movements, so that there is an opportunity to speculate in the short term 👨‍💻

The same Michael Novogratz from Galaxy Digital (trader, #BTC-investor and cryptan) predicts a temporary drop in BTC 🪙 to $55K due to excessive use of borrowed funds by retail traders. This may be followed by reaching new highs. It is also awaiting SEC approval for a spot ETF on 🔷 Ethereum this year 👍

Personally, I still don’t rule out a rollback to 46K from the current ones, although I understand how sweet the long to update the high looks now, because a re-sweep is just around the corner... But again, the market has become more insidious, the same pattern on the red in the second half of February worked out super green closing the month at +43% 🥳