Some cryptocurrency market participants expressed caution over Bitcoin's (BTC) sharp decline and its subsequent price movement. On social media, analyses emerged claiming that large-scale investors ('whales') were selling, and that any rebound must first be confirmed.

◆ Below $82,000 · Claim of Ethereum at $2,400

An X (formerly Twitter) account called 'Tracer' stated in a post that Bitcoin had fallen below $82,000 and that Ethereum (ETH) had dropped to $2,400. The account also claimed that large-scale investors were selling a considerable amount of cryptocurrency.

However, the post did not include specific transaction records or aggregated data that could verify the scale of the selling. The explanation that large-scale investors' selling drove the decline should be understood as the poster's own claim.

◆ Interpretation of Leveraged Position Unwinding... Cautious Stance on Rebound

Another account, 'Riza-S', interpreted the recent plunge as a process of leveraged positions being unwound. The account analyzed that Bitcoin was moving around $83,000, with buying pressure defending $81,000 and flowing in at the $82,300-$82,500 range.

Riza-S took a cautious stance on a rebound, stating that recovery had not yet been confirmed, and cited $83,500 as the first resistance level and $84,400 as the key price level that must be recovered. This reflects the account's technical interpretation and does not represent confirmed support levels or future prices.

◆ Price Information Discrepancy... Difficult to Conclude Same Market Conditions

The prices mentioned in the two posts differ. As neither post clearly specified the time of observation or the exchange used, it is difficult to treat them as prices from the same moment or to conclude that the price rebounded to $83,000 after falling below $82,000.

[Cryptocurrency is a high-risk asset with significant price volatility. This article summarizes claims and analyses from social media posts and is not independently verified data on real-time prices or selling volumes. Price forecasts may differ from actual market movements, and investment decisions and their consequences are the responsibility of the investor. This article was written with AI assistance.]