Based on recent whale activities, the market sentiment may be quietly shifting.

The key signals are in the details. One large trader’s move is quite interesting——a long position of 136 BTC was stopped out at $22,000, then instantly reversed to open a 40x leveraged short. This is not a small hedge, but a genuine shift in judgment. They would rather take a small loss than hold onto the original position. What does this decisive action reveal? The attitude has changed.

At the same time, on-chain data also confirms this. Recent inflows of BTC into exchanges have increased significantly, while funding rates are cooling down, indicating growing bearish sentiment. This perfectly matches the whale’s counter-move — it’s not just a technical signal, but a real on-chain confirmation with actual funds.

Don’t be fooled by floating profit numbers. The average entry price for the short position of 80 BTC is at $90,997. What is the current position of BTC? Large funds trading with leverage focus on entry points and timing, not immediate gains. They are laying out their plans and waiting.

From a technical perspective, the short-term key support is at $90,500. If this level is broken, the next likely test is around $88,000. For traders holding long positions, it’s time to reassess risk management; for shorts, there are reasons to follow this trend, but position control is still necessary.

That’s how the market works — big funds draw lines with real money, retail traders follow the charts. The logical chain of this wave has already formed, and the cold wind is blowing.