Whales, Woes, and the Wondrous World of Bitcoin: A Price Odyssey! 🐋💰

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Key points:

  • Ah, the Bitcoin whales, those leviathans of the digital sea, are voraciously adding to their BTC hoards while the price flounders beneath the shimmering all-time highs.

  • Should the market decide to throw a tantrum, one might find a potential bounce at the mid-$90,000 abyss—how delightful! 🎢

  • Our dear Hyperliquid trader, James Wynn, hints at the grand puppeteers—large-volume traders—who are orchestrating the low-timeframe price ballet.

According to the latest whispers of analysis, Bitcoin (BTC) may find its only sanctuary at the mystical $94,000 should a fresh price correction rear its ugly head.

In a recent commentary on X, the illustrious Keith Alan, co-founder of the trading oracle Material Indicators, pointed to a Bitcoin bounce zone nestled at the 21-week moving average—how quaint!

Bitcoin whales leap into the fray amid “consolidating” price

Bitcoin, that capricious creature, continues its sideways waltz within a $5,000 range after reaching the dizzying heights of $112,000, as chronicled by the ever-watchful CryptoMoon Markets Pro and TradingView.

For Alan, the market is emitting positive vibrations about its future trajectory, with the grand whales adding to their BTC exposure at these tantalizing levels.

“BTC is consolidating above $100k and whales are accumulating,” he proclaimed, as if announcing a royal decree.

An accompanying chart, a veritable tapestry of data, revealed increasing buy volume from the two largest transaction classes typically associated with our aquatic friends. It also confirmed $112,000 as the siren song attracting the highest ask liquidity as of May 27.

Continuing his musings, Alan suggested that if the sellers momentarily seize the reins, a downside target could lead us back to the 21-week moving average, lurking around $94,000—how charmingly ominous!

“We are in a bull market and the trend is up, but there are no straight lines in trading, and ‘up only’ is a myth. Seven or more consecutive green candles are as rare as a unicorn, often followed by periods of consolidation or correction,” he wrote, referring to the weekly chart with a flourish.

“If a correction comes, I expect support to hold at the trend line which currently has confluence with the 21-Week Moving Average.”

Earlier, CryptoMoon regaled us with tales of a more drastic BTC price correction outlook, which could mean a retracement of the entire rebound that began in April—oh, the drama!

BTC liquidity games continue

Meanwhile, one particular whale has taken to the social media stage, broadcasting his trades with the flair of a seasoned performer, garnering considerable attention in the process.

Hyperliquid’s James Wynn has made headlines by entering various long and short BTC positions, wielding large amounts of leverage like a sword in a duel.

His moves have become a market signal of their own, with Wynn taking to X to accuse other market participants of attempting to liquidate him by manipulating price action—how scandalous!

They FORCED the $BTC price DOWN to $108,700 🚨

[‼️MY EXACT LIQUIDATION PRICE‼️]

LUCKILY I WAS NOT SLEEPING OR BUSY AS THEY WOULD HAVE SUCCEEDED 😱

I INSTANTLY SAW THE RAPID DUMPING AND WAS FORCED TO START SELLING OFF MY POSITION AS FAST AS I COULD TO LOWER MY LIQUIDATION…

— James Wynn 🐳 (@JamesWynnReal) May 27, 2025

The latest data from the monitoring resource HyperDash reveals Wynn’s latest 40X leveraged long BTC position at an unrealized loss of $3.4 million as of May 28—oh, the sweet taste of irony!

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2025-05-28 12:56