The previous Bitcoin market top may not have been marked by a dramatic crash 
or obvious sell signal, but by a highly coordinated, sophisticated wave of 
whale distribution. While most participants were driven by optimism and 
bullish conviction, large holders were quietly offloading positions in a way 
that blended seamlessly into normal market activity. How Whale Distributed 
Bitcoin Without Triggering Warning Signals The Bitcoin market top last year 
was less obvious than in past cycles, unfolding through a quiet, highly 
coordinated wave of whale distribution. ForeDex on X revealed that at a time 
when BTC participants were filled with optimism and conviction, a whale moved 
roughly 30,000 BTC to exchanges over 10 days via Galaxy Digital. Meanwhile, 
most market participants failed to recognize the significance of these flows. 
Related Reading: Bitcoin Supply Shock: 100,000 BTC Vanish From Exchanges In 
Under 90 Days ForeDex explained that BTC was split into smaller amounts and 
distributed across multiple exchanges, unlike previous cycles. In earlier 
market tops, large flows often ranging from several thousand to 10,000 BTC 
were sent directly to platforms such as Coinbase, Binance, or Gemini in a 
single transaction, making these movements relatively easy to detect. However, 
after the ETF approval, market structure and trading behavior became more 
sophisticated. As selling pressure was distributed across different exchanges, 
the historical exchange-specific sell premium became less reliable. Even the 
well-known Coinbase-Binance Gap data no longer shows these traces as clearly 
as it used to. Ultimately, BTC market dynamics are evolving, and new patterns 
are constantly emerging. Even if some participants had identified unusual 
flows, the strong optimism and conviction at the peak would likely have led 
many to dismiss them. Bitcoin Could Face Another Liquidity Sweep To The 
Downside Bitcoin is showing signs of weakening market structure, with price 
forming lower highs following the rejection at $82,000. Crypto analyst Kaz has 
noted that one of the biggest warning signs is the sharp rise in Open Interest 
(OI) that is aggressively occurring, and both perpetual and spot Cumulative 
Volume Delta (CVD) are trending downward, indicating bullish traders are 
already starting to get squeezed out of the market. Related Reading: 14,600 
Bitcoin Sold in Profit in One Day: Here Is How BTC’s Own Structure Broke It 
Below $80K At the same time, bears appear to be actively building short 
positions, a continuous liquidation that is adding fuel to the decline. Kaz 
argues that additional long positions could be flushed out, as perpetual and 
spot CVDs are currently declining, and there is still long liquidation at the 
downside. Currently, BTC is retesting the $80,000 level with the highest OI 
bearish positioning seen at this level so far. In the bullish case, if price 
holds above the $80,000 zone and CVD starts rising, the market could trigger a 
short squeeze back toward the $82,000 resistance. In the bearish scenario, a 
loss of the $80,000 level, combined with current weak internals, could lead to 
a liquidity sweep of the lows, with price potentially moving toward testing 
the point of weak order (pwO). Featured image from Pixabay, chart from 
Tradingview.com

Previous Bitcoin’s Market Top Was Hidden Behind Sophisticated Whale Distribution — Analyst Explained

Strategy&#8217;s aggressive Bitcoin accumulation could reshape corporate treasury 
strategies, but risks amplify if Bitcoin&#8217;s value declines significantly.
The post Strategy buys 2,543 Bitcoin in a single day, now closing in on 4% of 
total supply appeared first on Crypto Briefing.

Strategy buys 2,543 Bitcoin in a single day, now closing in on 4% of total supply

SoftBank&#8217;s investment in Graphcore could reshape the AI chip market, 
challenging Nvidia&#8217;s dominance and potentially easing GPU shortages.
The post SoftBank injects $450M into UK AI chip company Graphcore appeared 
first on Crypto Briefing.

SoftBank injects $450M into UK AI chip company Graphcore

Peter Brandt warned that bitcoin has not formed a recognizable bottom, citing 
a possible bear channel from the February low. His key trigger is an ATR close 
below $79,145, which he said could signal renewed downside. Bitcoin Recovery 
Faces Pressure Inside Bear Channel Veteran trader Peter Brandt warned that 
bitcoin has not completed a recognizable […]

Bitcoin Bottom Unconfirmed as Peter Brandt Flags Bear Channel

MARA Holdings still has in its coffers 35,303 Bitcoin valued at roughly $2.84 
billion, making it the fourth largest corporate Bitcoin holder in the world. 
But that position comes after the company sold a significant chunk of its 
reserves — and investors took notice. Related Reading: Crypto Firm Exodus 
Drains 63% Of Its Bitcoin Reserves As Q1 Loss Doubled Year Over Year A Rough 
Quarter By The Numbers MARA&#8217;s stock dropped 5% during Tuesday&#8217;s trading 
session, touching an intraday low of $11.74 before closing around $12.65. 
After-hours trading brought another 1.85% decline. The sell-off followed the 
release of the company&#8217;s first-quarter 2026 earnings, which showed a net loss 
of $1.26 billion — more than double the $533 million loss recorded in the same 
period last year. Revenue came in at $175 million, down 18% from a year ago, 
partly due to falling Bitcoin prices. During the quarter, MARA sold 20,880 BTC 
worth nearly $1.5 billion. A large portion of those sales — 15,133 BTC sold 
between March 4 and March 25 for about $1 billion — went toward buying back 
convertible notes. About $1 billion of the proceeds were used to reduce the 
company&#8217;s convertible debt load from $3.3 billion to $2.3 billion, a reduction 
of roughly 30%. That transaction generated a $71 million gain from debt 
extinguishment. Shifting Away From Mining MARA is making a clear move away 
from aggressive Bitcoin mining. Officials said the company does not plan to 
make large-scale purchases of ASIC mining hardware going forward. About 90% of 
its non-hosted mining capacity can reportedly be converted into AI and IT 
infrastructure. The company said its strategy centers on placing new 
infrastructure alongside existing Bitcoin mining operations, allowing it to 
generate revenue from power assets while drawing on its operational experience 
in mining. The company is also cutting 15% of its workforce, a move expected 
to save $12 million annually. The biggest move, though, is the acquisition of 
Long Ridge Energy from FTAI Infrastructure. The deal is valued at close to 
$1.5 billion, including about $785 million in debt, and marks the largest 
acquisition in MARA&#8217;s history. Related Reading: Bitcoin Bulls Awaken As Rare 
Golden Cross Signal Flashes On Charts Long Ridge operates a 505-megawatt 
combined-cycle gas power plant in Ohio and sits on more than 1,600 contiguous 
acres. MARA projects $144 million in annualized EBITDA from the asset. Stock 
Performance In Context Despite Tuesday&#8217;s drop, MARA shares are up 30% over the 
past month. Strategy, the largest corporate Bitcoin holder, continues to buy 
while MARA sells and restructures — a contrast that reflects how differently 
companies in the space are approaching the current environment. Featured image 
from Unsplash, chart from TradingView

Bitcoin Miner MARA Stock Under Pressure Following $1.5 Billion Bitcoin Sell-Off

Warsh&#8217;s hawkish stance may stabilize inflation but risks economic fragility, 
impacting markets and crypto amid political and productivity pressures.
The post Kevin Warsh set to lead Federal Reserve as US inflation climbs toward 
three-year high appeared first on Crypto Briefing.

Previous Bitcoin’s Market Top Was Hidden Behind Sophisticated Whale Distribution — Analyst Explained

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