This Isn’t A ‘Great Sign’ For Bitcoin, Says Top Currency Trader: ‘Whales Are Once Again….’

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This Isn’t A ‘Great Sign’ For Bitcoin, Says Top Currency Trader: ‘Whales Are Once Again….’

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Influential trader Justin Bennett raised alarm over Bitcoin’s (CRYPTO:

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) trajectory on Monday as whales increased their short exposure against retail investors.

What Happened: Bennett took to X, drawing attention to a bearish signal for the leading cryptocurrency.

He highlighted that the whale vs retail delta indicator, sourced from cryptocurrency analytics platform Hyblock, which had been trending sideways or slightly higher, was now trending lower.

“Translation: Whales are once again increasing their BTC short exposure vs. retail,” Bennett stated. “Not a great sign for Bitcoin.”

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— no wallets, just price speculation and free paper trading to practice different strategies.

The whale vs retail delta indicator is used to spot large gaps between retail longs and whale longs. This indicator ranges from -100 to 100. Very high (or positive) values indicate that whales are having higher long exposure than retail and vice versa.

A dip could mean that whales are increasing their short exposure. Since they control large amounts of cryptocurrency, whales have a greater power to influence market movements than retail.

See Also: Grow your IRA or 401(k) with Crypto –

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Data from Coinglass corroborated these findings. About 54% of the whale accounts on Binance were long on the Apex Crypto as of this writing, down from 56% on May 31.

Why It Matters: Bennett’s remarks come as

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after surging past $106,000 overnight Monday.

U.S.-China trade disputes continued to weigh on market sentiment. China rejected President Donald Trump’s

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Story Continues

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#Isnt #Great #Sign #Bitcoin #Top #Currency #Trader #Whales #Again…

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