Bitcoin Whales Signal Sustained Rally with Massive Long Positions

On-chain analyst Ki Young Ju has observed that Bitcoin whales have opened massive long positions at the market bottom last week on major exchanges, including OKX.

This historical accuracy suggests that these moves often mark the start of sustained rallies in the past year. The exchange's long/short ratio spikes have repeatedly served as reliable indicators for bull runs.

According to the 4h chart, BTC is currently testing upper Bollinger resistance at $71975.09 and is experiencing overbought conditions with an RSI(14) of 89.25.

However, despite this, the bullish MACD golden cross and price holding above EMA50 support at $65379.8 point to continuation after any healthy retracement.