Bitcoin Whales Are Shorting Hard—Will BTC Breakout or Drop Below $95K?

Bitcoin Price Analysis

Bitcoin (BTC) is currently trading at $96,950, recovering from an intra-day low of $94,855, but remains under pressure as large investors—commonly referred to as “whales”—continue increasing their short positions. This has fueled market volatility, making traders hesitant about BTC’s next move.

Whales play a critical role in shaping Bitcoin’s price. Their sizable trades can set off chain reactions, often influencing retail traders to follow suit. Recent data from the Whale Position Sentiment metric suggests a growing lack of confidence among large investors, with sentiment dropping from 0.9 to 0.4 since mid-January.

Historically, levels above 0.8 have signaled short-lived recoveries, but with uncertainty persisting, Bitcoin remains vulnerable to further downside.

Despite this, a short squeeze—a rapid BTC price surge forcing short-sellers to close their positions—remains a possibility. If external catalysts, such as positive macroeconomic news, emerge, Bitcoin could stage a sudden rebound.

Trade Tariffs and Economic Uncertainty Weigh on Bitcoin

Beyond whale activity, external macroeconomic factors are also adding pressure on Bitcoin’s price action. Former U.S. President Donald Trump’s recent tariff announcements have amplified market jitters, affecting both equities and cryptocurrencies.

Initially, the market reacted negatively to Trump’s 25% tariffs on aluminum and steel imports, alongside additional reciprocal duties. This triggered a sell-off, pushing total crypto market capitalization down from $3.15 trillion to $3.10 trillion.

However, a temporary pause on tariffs for Canada and Mexico helped BTC stabilize, leading to a partial recovery, with the market cap rebounding to $3.13 trillion.

Bitcoin’s price is increasingly mirroring macroeconomic sentiment, much like traditional financial assets. Investors are closely watching Federal Reserve policy shifts, inflation data, and global trade developments for signals that could dictate BTC’s next move.

Bitcoin’s Symmetrical Triangle Points to an Impending Breakout

Bitcoin’s symmetrical triangle formation on the 4-hour chart suggests a breakout is imminent. This pattern represents price consolidation ahead of a decisive move.

Currently, the 50-day Simple Moving Average (SMA) at $97,619 is acting as a resistance level, capping Bitcoin’s upward momentum. A breakout above this level could fuel a rally toward $99,575, followed by $102,558 and ultimately $105,851 if bullish momentum sustains.

However, failure to maintain $95,313 as support could trigger further selling pressure. If BTC breaks below this threshold, it may decline toward $92,020, with additional downside risk near $89,270.

Best Wallet Token ($BEST): A Smarter Way to Manage Crypto

Best Wallet Token ($BEST) is not just another presale—it’s the core utility asset of Best Wallet, a next-gen digital asset manager available on Google Play and the App Store. Designed for both casual and professional traders, it offers a seamless way to store, manage, and invest in cryptocurrencies while providing innovative features like early-access token discovery.

What sets Best Wallet apart?

Its “Upcoming Tokens” feature, which allows users to discover and invest in promising crypto projects before they hit mainstream markets.

With Fireblocks’ MPC-CMP security and support for 1,000+ cryptocurrencies, Best Wallet ensures secure transactions and seamless portfolio management.

Why Investors Are Bullish on $BEST:

• 188% APY in staking rewards, making it one of the most rewarding crypto investments.
• Over 144 million $BEST tokens staked, showcasing strong investor confidence.
• $9.4 million raised so far, with demand surging ahead of the next price increase.

Best Wallet’s latest update, version 2.4.5, now allows users to claim tokens directly within the app, eliminating the hassle of switching platforms. With Fireblocks’ MPC-CMP security framework and support for over 1,000 cryptocurrencies, Best Wallet ensures secure transactions and advanced portfolio management tools.

Currently priced at $0.023925, $BEST is on track for its next price increase, offering early investors a significant advantage.