Whale Maneuvers Provide Liquidity Cushion in Lower Demand Zone

• • The 1-hour chart shows the price held in a macro demand zone after a gradual decline, beginning to build a new equilibrium base.
• • Market sentiment on April 22-23, 2026, is highlighted by aggregate whale actions aggressively buying back positions in the $2350 range, providing a crucial defensive cushion.

This second-largest asset is testing market patience in a crucial support area. Based on on-chain data published on April 22-23, 2026, an interesting maneuver occurred where a giant whale entity was recorded selling $24 million worth of holdings, but quickly executing a $17 million buyback right at the $2350 price range. This two-way liquidity provision maneuver signals that large institutions still view this area as a highly valuable accumulation zone. Technically on the daily (1D) chart, the price is held firmly at the support floor following a correction trend from its peak. On the 1-hour (1H) chart, selling pressure appears to be subsiding right at the $2312.8 demand zone, triggering tight consolidation. With the liquidity cushion quietly built by whales, the price is projected to withstand further downward pressure and bounce to test the initial target at the $2350 level, aiming for the next resistance area at $2420 over the next 3 days.

This whale maneuver risks being purely a short-term hedging move. If the price fails to hold the $2300 psychological support boundary and breaks the critical watch level at $2260, this recovery structure will collapse and trigger cascading liquidations.