Is Bitcoin’s Epic Rally About to Crash? Analyst’s Shocking October Deadline Could Change Everything!
Key Takeaways
Bitcoin’s rising price and falling whale wallet count mirror the 2021 top, but relentless ETF inflows and public company buys complicate the bearish narrative. This suggests momentum may outlast fractal models, warning of a near-term peak.
According to on-chain data from Alphractal, Bitcoin [BTC] appears to be mirroring a pattern similar to the one that preceded the end of the 2020–2021 bull market.
The pattern is: the price is climbing even as the number of large-holding addresses is dropping.
This divergence is raising concerns among some analysts that the current bull cycle may be on its last legs.
Alphractal analyst Joao Wedson believes the Bitcoin bull market may have only a few weeks left, pointing to a steady decline in wallets holding more than 10,000 BTC.
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