Bitcoin whales are acting frequently, hinting that the market is about to reverse!

Last night, an on-chain anomaly drew market attention—an major holder urgently withdrew 181 BTC from a leading exchange, equivalent to about $15.8 million. This withdrawal directly impacted the key support level of 87,950, and subsequently, BTC price fell below $88,589. More notably, today there have been three attempts to push above 89,000, all of which failed.

From the chart perspective, bearish forces are continuously gathering at the 86,379 level. This is no coincidence.

**What does the technical analysis reveal?**

In the last 19 candlesticks, 10 are down, 9 are up, but the trading volume is only 62.74k—this data is quite intriguing. Retail investors usually panic and sell during declines, but here, the volume is relatively low, indicating that the selling pressure isn't coming from retail investors cutting losses. Conversely, what are the big players doing? They are positioning.

The resistance at 89,164 feels like a wall, and the support at 86,379 is like a stone—price is repeatedly testing between these two critical points. 87,000 has become a dividing line—breaking below it would shatter market confidence; staying above it makes a rebound more convincing.

**Where is the real turning point?**

Whale withdrawals are not panic escapes but strategic adjustments. They are "changing magazines." Industry data shows that below 86,379, there are buy orders totaling as much as 20 million USDT. What does this mean? It suggests that the downside may be limited in advance, and the next moves could be the real market reversal.

**Implications for different traders**

If you already hold positions: place buy orders around 86,379 to add more, and set stop-losses at 87,000. The area near 89,000 looks tempting, but it might be a trap set by the big players.

If you are still observing: consider entering in stages below 87,000, increasing your position each time the price drops by $500. The crypto market often follows the rule: the more fierce the decline, the stronger the rebound.

Short-term traders might consider shorting at 89,164 with a target of 87,000. Take profits when you see them—there's no need to gamble on the last dollar.

**The key is understanding the underlying logic**

This market movement essentially signifies that the bears have regained the advantage. The 87,000 level will be a focal point in the near future because whale actions have already signaled to the market—they want to accumulate more chips at lower levels. While retail investors panic and sell, the big players are already preparing for the next rally.

The crypto world is always a mix of information warfare and psychological battles. The most important thing isn't knowing the specific levels but understanding why these levels matter.