Bitcoin, Ethereum, Solana Show Potential High-Time-Frame Reversal Signs

Bitcoin, Ethereum, and Solana are stabilizing at key support levels, indicating a possible high-time-frame reversal. Recent bullish engulfing candles suggest buyers are re-entering the market with intent.

Market Trends

  • The weekly charts show signs of an inside-week breakout paired with a false breakdown.
  • A similar structure was observed on the S&P 500 futures chart in April, leading to a breakout.
  • Weekly closes above highlighted highs are crucial for confirming this trend.

An investor known as MacroCRG noted these patterns, while ProMintClub's founder highlighted a whale trader aggressively building long positions across cryptocurrencies such as BTC, ETH, SOL, AAVE, PAXG, and PUMP.

Bitcoin

This trader holds over $64 million in profit and loss with an 83% long bias and remains top-performing on the Lighter leaderboard despite negative funding costs.

Protocol Performance

  • Chainflip Labs reported November as one of its strongest months with over $583 million in swap volume.
  • Demand is sustained across BTC, ETH, and SOL routes, with increasing partner engagement.

Bitcoin