just pulled a fast one by jumping 7.4% in the last 12 hours. This sudden move has everyone asking if this is the start of something bigger?AMBCrypto’s analysis of Coinglass data shows the big players are circling around $57,100. When whales make moves, the market tends to notice. This price point could be where the next big push or pullback happens.
The concentration of whale activity at this level is crucial. It suggests a potential accumulation zone or a level where large holders might be looking to offload. Either way, it is a price point that demands attention.The whale-to-retail ratio is sitting at 49.15, according to Hyblock data. This means the retail traders are slightly outweighing the whales right now.
This is a pretty even split, which could lead to some interesting tug-of-war action between whales and retail investors. This near-equilibrium state often precedes significant market moves. If retail traders start piling in or whales make a coordinated move, we could see a sharp break in either direction.AMBCrypto’s further analysis of the Coinglass data shows the long/short ratio is actually bullish. Despite some imbalance in the market, more investors are positive about further price increases.The bullish long/short ratio suggests growing confidence among traders.