#WhaleDeRiskETH
Is this a recovery or just a "Dead Cat" trap? đ§
Bitcoin has reclaimed $69,000, and the FOMO is starting to kick in. But before you jump into a high-leverage long, look at the facts:
âą Extreme Fear: The Fear & Greed Index is sitting at 5/100. đ©ž This is the lowest level we've seen since the 2022 bear market.
âą The Resistance: We are facing a massive supply wall at $71,500 â $73,000. Until we flip that into support, this is just a relief rally.
âą Whale Activity: While whales scooped up 40,000 BTC at the $60k bottom, they are now watching the $72k level closely. If we fail here, a retest of the lows is inevitable.
My Plan: Iâm keeping my stablecoins ready. đž I am waiting for a final "liquidity flush" back toward the $58,000 â $61,000 zone to load my heavy long positions.
Patience is a trade. Don't become exit liquidity for the pros. đĄïž