Whales Maintaining Short Positions. A New Bottom May Be Coming in the Short Term.

The unsustainability of recent buying pressure may be the most important point in the chart. Especially from the beginning of 2026, buyer dominance is very strong, but the price isn't rising to the same extent; in fact, we can say it's recovering weakly after a drop. This divergence shows that sellers, who are selling gradually with limit orders at resistance levels, are suppressing the buyers who suddenly appear. In other words, while one group is buying from the market, another is constantly supplying shares from above, saying "okay, take this." While small investors buy with FOMO during every rise, whales use upward movements as liquidity opportunities and sell their Bitcoins to small investors. What many people miss here is that even if buying appears strong on the general all-exchange chart, data from Binance, in particular, often determines the direction. This is because whales and institutional investors predominantly open trades there. Whale movements are most accurately tracked on Binance. We've seen this many times in the past. If the ratio on Binance is inconsistent with other exchanges, the real direction mostly follows Binance.

Currently, the ratio on the chart is around 0.97, which is below the critical threshold. Sellers have started to become aggressive again. Buyers cannot push the price higher. The price seemed to rise but couldn't sustain it. In this situation, short positions are increasing in the futures market, putting pressure on the price. Unless whales start buying strongly, the price will continue to move sideways, waiting for sellers. We may see a new low in the short term. $BTC #bitcoin