Bitcoin’s 35% Crash Signal Just Returned But a Whale Bought $66 Million Anyway
BeInCrypto
Bitcoin recently fell below key moving averages, a signal linked to past crashes, despite a significant $66 million whale purchase.Summary
Bitcoin has dropped below four key Exponential Moving Averages (EMAs), a technical signal that preceded a 35% price collapse in January 2026. However, market dynamics have shifted since then, as on-chain data shows long-term holders are currently accumulating rather than distributing, which mitigated subsequent price dips in March and May. Amid this uncertainty, a whale recently withdrew over $66 million worth of Bitcoin from the OKX exchange, suggesting potential confidence that the current dip may be a buying opportunity rather than a catastrophic breakdown.
(Source：BeInCrypto)