BTC stands firm at 63000! ETH whale continues to hit hard, today focus on these three key positions

BTC has returned to the key area of $63000, and the bulls have temporarily stabilized their position, but the financial divergence within the market is rapidly expanding. Institutional funds are still continuously investing in BTC. With the continuous expansion of long-term funds such as Strategy, the area around 63000 has become the most important long defensive zone in the current market. As long as the region is not effectively breached, bulls still hold the initiative. At the same time, ETH showed a completely different signal. On chain data shows that a certain super whale has been continuously lending ETH through Aave and selling it in the market recently, with a cumulative scale of over 40000 ETH. For the market, this means that the selling pressure above has not been fully released, and the short-term trend of ETH is significantly weaker than BTC. The signs of fund rotation are also worth paying attention to. The trading activity of high elasticity assets such as SOL and SUI continues to increase, and some speculative funds have begun to shift from mainstream currencies to counterfeit sectors in search of excess returns. Market risk appetite has recovered compared to before. 📍 Key Position 1: BTC 63000 This is currently the most important bullish defense line. If it continues to stand above 63000, the market is expected to continue its impact on the 65000 region; If lost, be alert to stepping back and supporting around 60000 again. 📍 Key Position 2: BTC 66500 Here, a large number of pre lock up and profit taking stocks are gathered. A breakthrough in volume means that a new round of upward space has opened up; If it rises and falls, it may form a temporary double top structure. 📍 Key position three: ETH 1700 This is currently the most important strong weak boundary for ETH. Re establishing a foothold is expected to alleviate market concerns about the selling pressure of giant whales; If the pressure continues, it is necessary to focus on whether the on chain lending position continues to increase. 💡 Trader observation The current market has entered a three party game stage from unilateral rebound to institutional buying, on chain whales, and short-term speculative funds. BTC continues to receive institutional funding support, ETH is facing a test of whale selling pressure, and the counterfeit sector is taking on venture capital. The real determinant of the subsequent direction is not how much the price has risen, but whether it continues to receive support around 63000 and whether there is a significant weakening signal in ETH selling. Risk Warning: The market fluctuates greatly, and this article is only for market information sharing and does not constitute any investment advice.