Ki Young Ju: Whales Accumulate BTC via Loans

Ki Young Ju noted lending platforms are seeing a surge in $10M+ loans, with USDT borrowing by users posting $10M+ in BTC jumping 83% last month according to CoinRabbit. Whales are borrowing against BTC to buy more crypto or other assets rather than betting on another major drawdown.

Bitcoin trades at $83272.01 inside the Bollinger Bands with upper resistance at $84253.06 and lower support at $82267.75. The neutral RSI at 50.01 and bearish EMA structure place the 50-EMA at $83463.59 as near-term resistance while the 200-EMA at $82321.9 offers deeper support. The MACD golden cross at -7.04 points to building momentum that favors a test of the upper band before any retracement to the 50-EMA.