Bitcoin price dip is a short-term correction driven by profit-taking and order-book dynamics; whales and institutions are buying the decline, while key reversal triggers include a positive Bid‑Ask ratio, slippage spikes above 150, retail long % reversal, and reclaiming the 50 EMA.
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Bitcoin price dip: whales buying the decline
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Watch 111-day SMA, 200-day SMA and Short-Term Holder Realized Price as support zones.
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On-chain metrics: 200 BTC whale buys and First Buyers supply nearing 5M BTC signal accumulation.
Bitcoin price dip—prepare to act: monitor support levels and on-chain reversal triggers; learn the four confirmation signals and why whales are buying.
What is the current Bitcoin price outlook?
Bitcoin price dip remains a short-term correction: BTC fell to roughly $113,844 after a 1.57% 24‑hour decline and is trading below the 50 EMA, indicating a bearish short-term structure. Whales and long-term holders are accumulating, creating early signs of a possible reversal if key conditions are met.
How deep is the pullback and which levels matter?
Bitcoin is down about 8% from a $124k peak. Key technical and realized levels to monitor: 111‑day SMA ($109.6k), 200‑day SMA ($100.4k) and Short‑Term Holder Realized Price ($106.8k). These zones historically act as accumulation points and potential bounce areas.
How did technical analysis describe the move?
Daily chart analysis indicated BTC broke below a rising wedge and is trading under the 50 EMA, confirming a bearish structure. A sweep below $112k–$113k could act as a liquidity sweep and present a favorable long entry, consistent with prior liquidity sweeps before new ATH runs.
Source: Michael van de Poppe/X
What are the four triggers that would confirm a Bitcoin reversal?
For a confirmed reversal, watch these four conditions:
- Positive Bid‑Ask Ratio sustained: Order‑book Bid > Ask historically marked local bottoms.
- Slippage spikes > 150: High slippage spikes have preceded upward reactions, indicating aggressive market participation.
- True Retail Accounts Long % reverses: Readings above ~60% have historically coincided with bullish pivots; current reading ~61.95% is notable.
- Price reclaims and holds the 50 EMA: Sustained trading above this moving average would confirm structure change.
Source: Hyblock Capital
Why are whales and institutions important in this dip?
On‑chain trackers flagged a 200 BTC whale purchase (~$23 million), and data shows supply held by First Buyers approaching 5 million BTC. These moves indicate accumulation by stronger hands and reduce circulating supply into dips, which can support price if selling pressure diminishes.
Source: Glassnode
How should traders and investors respond?
Front‑load risk management: use defined position sizes, watch the four reversal triggers, and treat liquidity sweeps below $112k–$113k as higher‑probability accumulation zones only if the Bid‑Ask ratio and slippage behavior align with historical reversal patterns.
Frequently Asked Questions
Is this dip similar to previous pre‑ATH corrections?
Historically, BTC has seen liquidity sweeps and brief corrections before new ATHs. Current on‑chain accumulation and the presence of large whale buys echo past pre‑rally patterns, but confirmation requires the four reversal triggers to align.
How much should long‑term investors consider averaging?
Dollar‑cost averaging into defined support zones (111‑day SMA, Short‑Term Holder Realized Price) reduces timing risk. Position sizing should match individual risk tolerance and portfolio allocation plans.
Key Takeaways
- Dip characteristics: BTC dropped to ~ $113.8k and trades below the 50 EMA, indicating short-term bearish structure.
- Reversal triggers: Positive Bid‑Ask ratio, slippage spikes >150, retail long % reversal, and reclaiming 50 EMA.
- Whales accumulating: On‑chain data shows large buys (200 BTC) and First Buyers supply nearing 5M BTC, signaling institutional and long-term accumulation.
Conclusion
Bitcoin price dip has created a tradable environment where on‑chain accumulation by whales and clear technical levels define potential entry zones. Monitor the four reversal triggers and key SMAs; if they align, the market structure could shift toward renewed upside momentum. For ongoing coverage and data-driven alerts, follow COINOTAG updates on en.coinotag.com.
