Whales Dey Increase Bitcoin Accumulation Before Powell Talk for Jackson Hole
Big big whale dem dey gather Bitcoin well well as e drop from $124,500 to about $113,000. On-chain data show say one $23 million buy for 200 BTC happen, e clear say big institution trust still dey as traders dey wait for Fed Chairman Powell talk for Jackson Hole. Technical indicators show say make we dey careful: the Relative Strength Index (RSI) dey below neutral, and MACD dey under im signal line, wey mean say Bitcoin stay between $111,000 and $115,000. Liquidity clusters near these levels na key support and resistance dem. Market feeling dey neutral, Crypto Fear & Greed Index dey 50 and Altcoin Season Index dey 43. Industry big men like Coinbase Brian Armstrong, David Bailey and Adam Back talk long term confidence, dem see dips as buy-the-dip chance. As volatility dey come before Powell talk, traders suppose watch liquidity zones for breakout and manage risk with stops near $110,000. The way big whales dey keep Bitcoin show say institutional confidence strong, while technical caution mean market balanced before next big macro event.
Neutral
Whale-driven Bitcoin accumulation dey show strong institutional confidence plus long-term bullish potential. But bearish technical indicators (RSI below neutral, MACD under signal line) plus tight $111K–$115K range suggest say e get limited upside for near future. Historically, similar accumulation phases during consolidations dey usually come before big rallies but dem need macro catalyst to make serious move. With Powell's Jackson Hole speech wey dey come, market dey face balanced bullish and bearish forces, so short-term outlook remain neutral.