Coordinated Whale Buying? Analysts Track Billions in Matching BTC Orders

[bonk]

On-chain sleuths spent Tuesday untangling the mystery behind Bitcoin’s rapid rally to $94K, and what they found set off alarms. Researcher DeFiTracer noted that Wintermute alone bought 8,756 BTC, while others—including Coinbase, BitMEX, Binance, and Bitfinex—appeared to join in with massive, near-simultaneous purchases.
Veteran traders argue these patterns don’t resemble organic demand. Instead, they look like coordinated whale activity targeting thin liquidity to trigger a chain of short liquidations. With $61M in shorts wiped shortly after $70M in longs, the day’s action fits what professionals call liquidity hunting—fast pumps designed to liquidate both sides before reversing.

[Rimon Khan]

When whales synchronize, retail doesn’t stand a chance.

[Nahid Hossen]

Billions in matching orders definitely suggests coordinated accumulation.