Crypto Market Crash Incoming? Top-Tier Whale Closes All Longs

Key Points

1. Whales have secured over $33.8 million in profits, causing anxiety as Bitcoin and Ethereum show signs of an overheated market.

2. Bitcoin failed to break through the $120,000 resistance level twice, indicating potential weakness.

3. Bearish divergence in the RSI suggests slowing momentum despite price gains, with key EMAs trending downward.

4. Ethereum whale activity includes a $90.6 million ETH withdrawal from Binance, signaling major buy activity.

5. Market conditions suggest a possible profit-taking move ahead of short-term consolidation, with redistribution phases potentially turning back to accumulation.