•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Bitcoin has slid back to the trading zone it held in October 2024, the same area where large holders began their last accumulation campaign. On-chain commentary suggests whales are treating the retest as a re-entry window rather than an exit signal, with the biggest wallets still adding exposure even as sentiment remains shaky. Market pricing reflected the tension: BTC hovered near $69,000 after ranging between $68,000 and $71,000 in the past day, down about 2% this week, 10% over two weeks, and nearly 28% over a month. Ethereum (ETH) was under $2,000, down 40% on the month.
Pseudonymous market watcher CW8900 reported steady buying from large BTC and ETH holders, arguing that Bitcoin’s current range resembles the October 2024 “entry zone” where whales last began accumulating. The watcher’s central claim is that accumulation is accelerating even as retail anxiety rises, stating that buying has not slowed despite the pullback.
In a separate note, the analyst said Ethereum whales are sitting on losses comparable to prior cycle lows, a pattern they associate with market bottoms. The analyst suggested these wallets are building positions for an upcoming rally and a future bull market over the coming months.
Other signals point to a more mixed picture, particularly for Ethereum. Fundstrat’s Tom Lee said ETH can rebound fully, citing eight drawdowns above 50% since 2018, including a 64% drop earlier last year. In that instance, the asset formed a V-shaped bottom and later recovered.
However, the article notes that long-term rebound narratives can coexist with real position washouts. Trend Research, described as once Asia’s largest ETH long, closed its final position last week after building $2.1 billion in leveraged longs. Arkham said the exit locked in an $869 million realized loss, days after founder Jack Yi forecast $10,000 ETH.
Wise Crypto warned that Bitcoin’s 9% rebound from Feb. 12 to Feb. 15 could be a trap. The firm cited hidden bearish divergence on 12-hour charts and a 90% surge in NUPL, which it said implies higher sell risk. The takeaway presented is that accumulation can appear bullish while price structure still points toward testing lower supports.
Wise Crypto placed key support at $65,000 to $66,000, with $60,000 described as the psychological floor. In an Ali Martinez poll, only 22.7% chose $60,000 as the cycle low, while most expected $38,000. Santiment added that BTC often moves opposite crowd expectations, suggesting a rally could occur if fear becomes dominant.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
