The post Bitcoin Whales Shift to Long Positions, Targeting $84,570 Support and $112,340 Resistance appeared on BitcoinEthereumNews.com.

Bitcoin whales have flipped from short to long positions, closing bearish bets at a loss and opening leveraged bullish trades amid a market rebound. Key support sits at $84,570, while resistance looms at $112,340, potentially dictating the cryptocurrency’s next major move. Major Bitcoin whales closed short positions at losses and reopened with leveraged longs, signaling a bullish shift in derivatives markets. Analysts highlight $84,570 as critical support to hold for sustained recovery. $112,340 emerges as the primary resistance level, backed by liquidity data showing untapped upside potential. Bitcoin whales flip long: Explore how major traders are shifting bullish, with key levels at $84,570 support and $112,340 resistance shaping the next crypto rally. Stay informed on Bitcoin’s rebound. What Does It Mean When Bitcoin Whales Flip Long? Bitcoin whales flipping long refers to large-scale holders or traders reversing their bearish positions to bullish ones, often using leverage in derivatives markets. This shift indicates growing confidence in price appreciation, as seen in recent actions where whales closed shorts at a loss and opened longs worth millions. Such moves can amplify market momentum by reducing downward pressure and attracting further buying interest. How Are Key Support and Resistance Levels Impacting Bitcoin’s Trend? Support and resistance levels provide essential frameworks for traders navigating Bitcoin’s volatility. According to analysis from chart experts like Ali, the $84,570 level represents a dense cluster of realized prices where buying interest historically strengthens, acting as a buffer against declines. On the upside, $112,340 marks a significant resistance zone influenced by past distribution patterns and supply overhangs, potentially triggering sell-offs if breached. These levels, derived from on-chain data and liquidity heatmaps, help predict short-term trends; holding above $84,570 could enable a push toward six figures, while a drop below might invite renewed bearish bets. Supporting statistics from blockchain analytics show…

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Filed under: News - @ November 28, 2025 10:24 pm