Bitcoin whales turn net long, retailers capitulate as BTC falls to $67K — Rebound coming?

Bitcoin [BTC] closed in the red for the third consecutive day, with its price sliding to $67,000 on the charts. So far, the fall in prices has been driven by both whales and retail traders. However, this pattern could be changing soon as Bitcoin’s sentiment starts to flip gradually. For instance, Hyperliquid whales turned back to the net long after two weeks of shorting BTC. This was the first selling period for them since March. In fact, the daily mean of net long and net short grew from -1700 BTC on 8th November to around 900 BTC at press time. This seemed to imply that whales have been buying the dip below $70,000. During the rally, which started in August, these whales went long. They subsequently sold the top.

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