BTC Price Stalls at $79K Amid Whale-Heavy Long Positioning

Bitcoin is currently trading at $79,639 and has been stalled for some time. The MACD momentum has flatlined, while RSI is cooling just below overbought levels.

The derivatives data is showing a surge in open interest of 6.58%, indicating that new money is entering the futures market. Whale-heavy long positioning suggests a probable test of $81,154-$82,670 resistance levels.

A close above $80,000 on the next session's open could trigger the next leg towards $82,670 and potentially $85,000 on a multi-day timeframe.