Bitcoin Bitcoin’s price action may be soft, but the rumor mill is not. The latest spark came from Michael Saylor, whose brief “Big Week” post paired with a portfolio graphic has traders wondering whether Strategy is about to add even more BTC to its already enormous stash. Earlier speculation that Strategy was reducing its position was dismissed by Saylor, who reiterated that the firm has not sold Bitcoin and intends to maintain its accumulation strategy. Market Narrative Around Halving Cycle Is Also Changing While speculation around Saylor continues, a broader industry discussion has emerged around Bitcoin’s market cycle. Bitwise CEO Hunter Horsley recently said the traditional four-year cycle may be shifting. According to Horsley, expectations of a downturn in 2026 may have encouraged earlier selling, possibly contributing to the correction currently seen in 2025. He noted that Bitcoin’s post-halving performance has been weaker than in previous cycles and suggested that early profit-taking could be reshaping historical patterns. The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo. com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions. Author Alexander Zdravkov is a person who always looks for the logic behind things. He has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team. Related stories.
https://bitcoinethereumnews.com/bitcoin/crypto-market-watches-for-possible-strategy-bitcoin-buy-after-latest-saylor-update/
Tag Archives: profit-taking
BONK Rises 1.7% as Breakout Momentum Holds
BONK gained 1.7% to $0.00001332 in the last 24 hours, extending its recent breakout move while testing higher resistance levels. The Solana-based meme token traded within a tight upward channel after decisively breaking through the $0.00001320 threshold, sustaining its bullish structure amid moderate volatility, according to CoinDesk Research’s technical analysis data model.
Volume provided strong technical confirmation of the move, with 850.8 billion tokens traded—an 82% increase above the daily average of 467 billion. Intraday data revealed a series of rapid surges, including a 14.2 billion-token spike during the late-session rally phase, followed by moderate pullback activity as short-term profit-taking emerged.
BONK remains positioned within an ascending channel structure, supported by higher lows forming around the $0.00001300 to $0.00001327 range. This suggests continued consolidation potential before the next directional move.
Technical indicators point to a stable mid-channel alignment near $0.00001332. For renewed upside momentum, sustained volume above 500 billion tokens and a confirmed break over the $0.00001350 resistance level will be required.
https://www.coindesk.com/markets/2025/11/10/bonk-rises-1-7-to-usd0-00001332-as-breakout-momentum-holds
40x Bitcoin Long Spotted in the Wild: Someone Expects $120,000?
The recent entry of two high-leverage long positions totaling $29 million by a major whale, address 0xC50a, signals growing market confidence despite persistent volatility.
At an entry price of $111,658, the whale initiated a 40x long on 149 BTC, valued at approximately $16.65 million, and a 10x long on 284,501 HYPE tokens, worth around $12.49 million.
### What’s up with Bitcoin?
Bitcoin is currently trading close to $111,800, just above the whale’s entry point. This move coincides with a weak but improving price structure. The position is presently slightly negative, showing an unrealized loss of about $14,600. However, the aggressive leverage suggests that 0xC50a anticipates a short-term breakout above the $112,000-$114,000 resistance zone—an area known for triggering a large number of short liquidations.
The 200-day moving average (black line) has served as strong dynamic support across multiple sessions. Bitcoin remains steady above this level on the daily chart, currently around $108,200. Following the steep correction earlier this month, the price recovery from this support level indicates a renewed surge of buyer interest.
### Technical Indicators and Resistance Levels
There is still potential for a more robust upward push before Bitcoin becomes overbought. The Relative Strength Index (RSI) stands at 48, suggesting neutral momentum currently.
Key short-term obstacles include the 50-day and 100-day moving averages at approximately $112,400 and $114,100, respectively. A close above these lines could trigger a swift rally toward the $118,000–$120,000 range, a zone historically associated with significant profit-taking.
### The Foundation Behind the Rally
Given the size of the whale’s position and the use of leverage, even slight price fluctuations could lead to notable liquidations. Nonetheless, this trade appears structurally safe unless a significant macroeconomic shock occurs, as the liquidation price for the Bitcoin long is set near $53,000.
In summary, the actions of whale 0xC50a highlight increasing confidence in a possible short-term bullish breakout, supported by key technical levels and a recovering market structure.
https://u.today/40x-bitcoin-long-spotted-in-the-wild-someone-expects-120000