Bitcoin is exhibiting bullish momentum with a 69% confidence level, driven by significant whale buying activity. The net accumulation for Bitcoin stands at $140.03 million, with open interest (OI) increasing by 2.1% and a funding rate of -0.640%, indicating a funding squeeze.
In contrast, several other cryptocurrencies are showing bearish signals. AAVE, TAO, PAXG, AVAX, ZEN, DOGE, XRP, ASTER, FIL, LTC, LINK, ICP, DOT, and ADA are all experiencing whale selling pressure and funding rate overheating. Notably, XRP has a net outflow of $72.05 million, while DOGE sees a net outflow of $38.73 million, both reflecting significant bearish sentiment.
Bitcoin Shows Bullish Momentum Amid Whale Accumulation
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