Crypto Money MarketThe concern of collapse began to increase again. Machi Big Brother, one of the most influential whales on the market, closes all the Long positions and puts more than $ 33.8 million in the wives. Bitcoin $118,514.48In the daily graph of 120 thousand dollars of withdrawal twice with recycling, Ethereum 
$4,274.22Although the rise continues, the indicators indicate overheating. The weakness of the volume in breakage trials and the separations in the indicators increase the risk perception.
Technical Indicators Give Risk Signal for Crypto Coins
Bitcoin‘s price of 120 thousand dollars in the testing of both attempts failed. The weak transaction volume in the rise attempts reveals that there is no strong procurement pressure. While the price moves on a narrowing band, 26 and 50 days moving averages (EMAs) approaching existing levels. This may prepare the ground for harsh price movements if the acceleration decreases.
Ethereum On the side of the rise in succession price brought the price closer to 4 thousand 700 dollars. However Relative power indexNegative decomposition in (RSI) shows that the power behind the price rise may weaken. The fall of the volume during the last rise is interpreted that buyers lost acceleration.
Motivation of Position Closing of Whales
Famous crypto money whale Machi Big Brother‘s decision to close the position of both profit intake and risk management stands out. Such moves of big investors are usually seen during periods when prices are approaching the summit and the interest of small investors increased. In this process, the change of assets causes the reconstruction of liquidity in the market.
Bitcoin’s inability to overcome critical resistance and signs of technical weakness in Ethereum increase the likelihood of a short -term withdrawal. However, in case of new receiver interest, this movement may remain as a correction within the long -term rise trend. Crypto currency The course of the market will depend on whether the new demand for the gap left by great investors will be filling.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
