# BTC Market Observation: Whale Profit-Taking and Bullish Accumulation Signals

Perpetual contract data reveals interesting market signals. Large traders have realized approximately $590 million in profits near the 95.4k price level, while maintaining a net long position of $110 million. This indicates that although there has been some profit-taking, whales still maintain a bullish outlook on the future market.

In terms of price action, over the weekend, BTC repeatedly tested and consolidated above the whale VWAP, which typically signals a preparatory phase before a breakout. More notably, order book data shows a large accumulation of buy wall barriers below, suggesting that while shorts are taking profits at high levels, the bulls' defensive willingness at lower levels remains strong. In this stalemate, the direction of the breakout often determines the subsequent trend momentum.