This Isn’t A ‘Great Sign’ For Bitcoin, Says Top Currency Trader: ‘Whales Are Once Again….’

Influential trader Justin Bennett raised alarm over Bitcoin’s (CRYPTO: BTC) trajectory on Monday as whales increased their short exposure against retail investors.

What Happened: Bennett took to X, drawing attention to a bearish signal for the leading cryptocurrency.

He highlighted that the whale vs retail delta indicator, sourced from cryptocurrency analytics platform Hyblock, which had been trending sideways or slightly higher, was now trending lower.

“Translation: Whales are once again increasing their BTC short exposure vs. retail,” Bennett stated. “Not a great sign for Bitcoin.”

Full story available on Benzinga.com