Bitcoin sellers lurk in $88K to $90K zone — Is this week’s BTC rally losing steam?

Many Bitcoin (BTC) traders became bullish this week as prices rallied deep into the $88,000 level, but failure to overcome this level in the short term could be a take-profit signal. Alphractal, a crypto analytics platform, noted that Bitcoin whales have entered short positions at the $88,000 level.  In a recent X post, the platform highlighted that the “Whale Position Sentiment” metric exhibited a sharp reversal in the chart, indicating that major players with a bearish bias have stepped. The metric defines the relationship between the aggregated open interest and trades larger than $1 million across multiple exchanges source: https://cointelegraph.com/news/bitcoin-sellers-lurk-in-88-k-to-90-k-zone-is-this-week-s-btc-rally-losing-steam?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound