300% Bitcoin (BTC) Skyrocket, Ethereum (ETH) Below $3,000 Again, Was Shiba Inu (SHIB) Manipulated?

Key Points

1. Bitcoin surged over 300% to $122,000 but faced a $6,000 drop due to large-scale selling by a whale transferring 16,843 BTC (worth ~$2 billion) to Galaxy Digital.

2. Ethereum briefly surpassed $3,000 but fell back to ~$2,980, indicating weak bullish momentum and potential retest of the $2,800 consolidation zone.

3. Shiba Inu (SHIB) failed to hold above its 200-day EMA, with a sharp reversal from $0.000013, signaling possible further declines toward $0.000011.

4. Market sentiment is affected by overbought conditions (RSI near 70) and correlation drag with Bitcoin's pullback, exacerbating intraday dips.

5. A single large seller's actions (e.g., the 80,000 BTC whale) can trigger defensive selling and volatility, highlighting low-float rally dynamics in Bitcoin.