Bitcoin (BTC<\/a>) was up nearly 5% in 24 hours at the Wall Street open on March 25, but a new warning sign was giving traders cold feet.<\/p>\n Data from Cointelegraph Markets Pro<\/a> and TradingView<\/a>\u00a0confirmed BTC\/USD hitting multi-week highs of $45,137 on March 25 as Wall Street got underway.<\/p>\n As $45,000 reappeared for the first time since the start of the month, however, so did all-too-familiar behavior among some of Bitcoin’s biggest investors.<\/p>\n Attention turned to exchange Bitfinex on the day, a platform famous for large-volume traders, or whales, guiding short-term price action with their trades.<\/p>\n As noted by popular trader Pentoshi, the entity that had purchased BTC at the last low near $34,000 had now put in a significant ask position beginning at $45,000.<\/p>\n The finex whale who made the bottom (same signature) just showed up with a lot of asks presumably to close out those 34k longs. Something to watch in the coming days $BTC<\/a> pic.twitter.com\/gDR8qvBVEl<\/a><\/p>\n \u2014 Pentoshi (@Pentosh1) March 25, 2022<\/a><\/p><\/blockquote>\n Blockware lead insights analyst William Clemente agreed<\/a>, telling Twitter users that it was now “popcorn time” for the market.<\/p>\n Cointelegraph contributor Micha\u00ebl van de Poppe, meanwhile, flagged “a dozen” possible lower price targets should BTC\/USD sweep liquidity at previous rejection points from March, these also lying just above $45,000.<\/p>\n “I’m not saying I’m bearish at this stage, but while we’re making this build-up, I’m not really interested in longs at this point,” he said<\/a> in his latest YouTube update.<\/p>\n Only a rechallenge of $50,000, he added, would form the impetus to consider long positions.<\/p>\n Van de Poppe added that altcoins were also on the radar and that it would be interesting to see how Ether (ETH<\/a>), in particular, deals with upcoming resistance.<\/p>\n Related:\u00a0What are the BTC price levels to watch as Bitcoin nears March peak?<\/a><\/em><\/strong><\/p>\n The top ten cryptocurrencies by market cap showed clear copycat strength on daily timeframes, led by ETH\/USD, which matched Bitcoin’s 5% gains. <\/p>\n Overall still watching how #Bitcoin<\/a> is going to react at resistance, and especially how $ETH<\/a> will handle it there.<\/p>\n Not a long area for me. pic.twitter.com\/NalEyg6Jiu<\/a><\/p>\n \u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) March 25, 2022<\/a><\/p><\/blockquote>\n Cardano (ADA<\/a>), while dropping several percentage points on the day, was still up 35% compared to the same time last week, making it the top ten’s\u00a0best performer<\/a>.<\/p>\n![](\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/2a31921d-bedd-4c6f-a1e4-b5671cf69d68.png\")
Bitfinex whale flips to sell mode<\/h2>\n
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“No longs” on Ethereum, says trade<\/h2>\n
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