Between the 10th and 11th of April, the crypto market recorded a notable capital inflow, pointing to a possible rebound and short-term price stability. That momentum, however, proved short-lived.

After total market capitalization climbed to $2.49 trillion, the market reversed sharply on the 12th of April, losing $60 billion as sentiment deteriorated. This shift aligns closely with increased whale activity, which appears to be moving against prevailing bullish expectations.

Whales position for downside as retail doubles down

Whales have actively increased short exposure, indicating expectations of a broader market pullback. This stance stands in direct contrast to retail traders, who continue to accumulate long positions across…