📉 Cryptocurrency Market Analysis: Whales and Support Levels

The entry of new whales into the market is impacting the current scenario. The average purchase price of new whales is $81.2K, much higher than that of older investors, who bought at an average of $30.1K. This suggests a more optimistic expectation from the new big hands.

🔒 Support Levels:

Currently, the market faces a critical support at $90K, with a second important level at $80K. Holding these supports will be crucial to avoid a larger correction in the price of Bitcoin.

🚀 Market Impact:

The movement of whales may indicate a bullish period for BTC, but the buying and selling dynamics between these large entities will determine the next movement of the market. The key will be the resistance or acceptance of these support levels.

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