Bitcoin shows signs of imminent rebound

Bitcoin dropped 7 % in a few days, just after crossing a historic summit above $ 124,000. Simple breathing or the start of a reversal? While the market wonders about the solidity of the bullish cycle, some on-chain indicators send a completely different signal. Behind volatility, some well -known indicators of experienced investors trace the outline with a possible low point, often a pioneer of a rebound.

Whales on the lookout: Exchange Whale Ratio is close to a critical area

While many institutional actors like Strategy strengthen their reserves in Bitcoin, the Sunflowr -Terquant expert reveals a technical signal rarely ignored by professionals in an analysis published by Crypttoier: Exchange Whale Ratio.

This indicator measures the share of the 10 largest transactions entering exchanges, and according to the analyst, it is currently on the verge of reaching a level historically associated with market hollows.

“A new upward phase for the BTC could start in the short term, while a key indicator sends positive signals”,, underlines-Al.

Observed on a seven -day mobile average, metrics currently displays a value of 0.48, approaching the 0.50 zone, a threshold which, according to Sunflowrocker, “Often marked premises of the price, followed by consolidation phases and then bullish uses”.

Here is what this indicator suggests, based on the history of its variations:

• When the ratio approaches 0.50, this often coincides with local low points on the market;

• This level is generally followed by stabilization phases, then a bullish recovery;

• An increase in the ratio indicates that whales become more active on the exchanges, which is interpreted as a preparation upstream of significant movements;

• The current level of 0.48 suggests that the BTC could be close to a new inflection point, provided that this signal is confirmed in the coming days.

$ 120,000, an attraction area or a technical mirage?

In parallel with the behavioral analysis of whales, another tool draws the attention of technical observers: liquidation. According to Coringlass dataa significant concentration of leverage has formed around the $ 120,000 area.

These liquidity clusters, which represent areas of strong exposure to liquidation, act as a magnet on the price. “When a significant capital is concentrated above the current value of an asset, it tends to attract a short-term bullish momentum, because traders seek to exploit these liquidity zones”,, precise analysis.

This configuration could thus feed a dynamic of technical recovery from Bitcoin to $ 120,000, provided of course that the selling pressure does not intensify immediately. Indeed, if the opposite scenario should occur, the markets could attend a relapse around $ 111,961, a level briefly affected on August 3.

This threshold today represents the nearest support, in the event of extension of the correction. The proximity of these two zones, a major support and liquidity cluster, could thus catalyze an intense consolidation period before any directional movement.

In the immediate future, the technical configuration of the BTC remains delicate. Between the attraction of a symbolic threshold and the risks of capitulation, the market is suspended from the action of large holders. If the scenario of a local bottom is confirmed, the current area could become a launch ramp towards a bullish recovery, certainly around $ 150,000 as provided for Novogratz. Conversely, any aborted increase could restore land to the sellers.