Bitcoin Range Compression Ending as Whales Flock In
KuCoin is warning that an eight-month range compression in Bitcoin prices may be coming to an end due to increasing whale inflow volume. According to a post on KuCoin, this strong support from whales, combined with retail capitulation, suggests a significant price movement is imminent. The author of the post believes that the current setup for BUTTCOIN looks too good to pass up.
The post mentions that IP rights are just around the corner, and the meme itself is considered 'gold.' It also notes that before DOGE was popular, this meme of Bitcoin was quoted on an old forum. The person who first mentioned it is leading the BUTTCOIN project. With whale support and Solana memes performing well recently, the author likes this setup a lot.
The post advises tracking whale flows using Sun Flow to stay informed about market movements.