Glassnode: Whales Long Bitcoin at Resistance

Glassnode data reveals whale net long positioning on Hyperliquid peaked right into resistance as sellers tire but buyers stay absent.

Bitcoin trades at $63158.35 inside the Bollinger Bands with price testing upper resistance at $63456.36; RSI at 44.38 keeps momentum neutral while the MACD golden cross offers mild bullish signal, yet the bearish structure defined by EMA50 at $63584.0 and EMA200 at $63675.09 points to a likely retracement toward lower support at $62788.09 before any recovery attempt. BTC price prediction models now hinge on whether spot demand materializes to validate the leverage-driven move.