🚨 We Flagged Whale Distribution at $75K — BTC Dropped 9%. What Are Whales Doing Now? 📊 BTC Analysis (March 20) 1/ Perp Data - BTC saw a sharp pullback after tapping the upper band of Whale VWAP - Whale CVD: Recorded ~$1.3B in profit-taking, which aligned with the price drop → So far, whales have not stepped back in, even though price is now trading at the lower band of Whale VWAP (a typically attractive discount zone) → Since March 9: Whale CVD ~ $3.1B (net long positioning still dominant) - Price has now reached the lower band of Whale VWAP 2/ Spot Data - Whale CVD: Similar to perp, whales took profit (~$200M) during the recent pullback → No clear signs of buyback yet, despite price sitting at the lower VWAP band - Bubble Chart: Whale activity has dropped significantly after the local top around $76K → Early signal that trend strength has weakened and a potential local top was formed → So far, no strong whale activity near the lower VWAP band → needs further monitoring