Market observers have found from whale holding data that the recent bullish camp is showing clear signs of retreat. A trader holding 16.96 BTC with 20x leverage has been continuously reducing their position, acting frequently and with strong determination, indicating a serious lack of confidence in the market’s future. A more direct signal is that a leading institution’s long position was immediately closed to preserve profits after a retracement, releasing $80 million in holding pressure instantly. However, some traders are particularly decisive — after closing out a long position of 140 BTC, they secured a profit of $207,000 and successfully exited the market.

On the other hand, the bears are riding high. A trader tracking altcoin swings has recently significantly increased short positions on BNB, HYPE, DOGE, XPL, and PUMP, with unrealized gains reaching $7.43 million, clearly sensing a weakening market. Even more noteworthy is that a trader who had previously failed multiple times in long positions has completely changed strategy, turning to short BTC and quickly rolling over to expand their position. Their current holdings exceed $9.15 million, evidently betting on further declines.

The ebb and flow of these bullish and bearish forces may be hinting at a potential shift in market momentum.