- Whales drove February selloffs as BTC dropped below its 21-day EMA support.
- Price rejected $83K twice, filling the Fair Value Gap before dropping 6%.
- Volume spiked near $77K as BTC bounced toward the $81.5K resistance zone.
Bitcoin ($BTC) faced sharp rejection near $83,000, aligning with heightened whale-driven activity and liquidity absorption. Current trading remains within a compressed range as key zones influence short-term moves on Binance’s BTC time frame.
Whale Activity and Liquidity Patterns
Crypto Seth analyzed the BTC daily time frame covering 2023 through April 2025 price action and trading volume. He observed consistent upward movement through 2023 into late 2024, peaking around $75,000 before trend reversal began. Starting February 2025, lower highs and lower lows confirmed price weakness below the 21-day moving average resistance.
Source: Crypto Seth
Seth emphasized a red candle with record-high selling volume during the breakdown from the February peak. This move triggered panic selloffs while green bars followed, indicating aggressive dip-buying efforts by larger players. BTC price failed to reclaim levels above resistance and remained under pressure across subsequent daily sessions.
The time frame displayed short, equal-sized candles with small wicks, showing indecision between buyers and sellers. Volume stayed elevated, suggesting ongoing whale positioning rather than retail-driven volatility. The range between $73,000 and $60,000 acted as a reaction zone where liquidity shifts repeatedly occurred.
Seth reported no indicators besides volume and price, confirming a pure price-action-based analysis approach. BTC stayed compressed beneath its exponential moving average and failed to reestablish a bullish structure. Sentiment faded quickly as whales dominated entries around the February-March liquidation clusters.
Order Blocks and Fair Value Gaps
Crypto Patel offered a two-hour time frame breakdown of BTC/USDT from March 23 to April 13, 2025. He marked $83,000 as a bearish order block resistance, where BTC faced two failed breakout attempts. The fair value gap within this region has now filled, confirming liquidity resolution around that level.
Source: Crypto Patel
Patel tracked a clean rejection followed by a 6% price drop that tagged the $78,500 downside target. That level completed a lower FVG structure, aligning with recent declining momentum. He projected deeper declines to $76,000 and $73,113, suggesting downside risk remains open below resistance.
Volume reached 898.56K on the rebound from $77,400, forming a reaction toward $81,500 mid-range resistance. That zone includes another order block where the price faced selling pressure again. The zone between $79,000 and $80,500 remained neutral, with no bias confirmed on shorter timeframes.
Patel marked rejections using a curved arrow from earlier highs down toward current range ceilings. Each rejection aligned with FVG and OB levels, where price reversed sharply without sustained momentum. The descending pattern remains intact unless BTC reclaims the $83,000 zone marked “Bullish Above.”
