Viewpoint: Bitcoin's Comprehensive Rally Still Requires One Final Condition, Hyperliquid Whale Turning Long May Be Key

BlockBeats News, August 26th: Cryptocurrency analyst CW stated in a post that three conditions need to be met for Bitcoin to start a full-scale uptrend: Hyperliquid whales shifting to a bullish view, Bitfinex whales completing BTC long position accumulation, and the disappearance of the Kimchi premium and Coinbase premium inversion.

Currently, Bitfinex whales have completed their BTC long accumulation, and the negative Kimchi premium and negative Coinbase premium have disappeared, fulfilling two of the three conditions. The focus of the market going forward will be on whether the Hyperliquid whales can shift to a bullish stance. Once this signal appears, it may serve as a catalyst for Bitcoin to initiate a new round of upward movement.

It is worth noting that the above assessment mainly represents the personal views of the analyst, and the mentioned premiums and whale position changes usually serve as reference indicators for market sentiment and fund flows.