Bitcoin is hovering just under a key technical level, and traders are being told to hold off. The $67,700 range low has become the line that separates a safe entry from a risky one, at least for now.

CryptoTony__ posted on X that reclaiming $67,700 is the safest path to a long position. Those who missed yesterday’s entry should not be opening fresh longs while price sits beneath that range low, according to his read.

"Bitcoin BTC/USD daily candlestick chart on TradingView (late March 2026). The price is trading just below the $67,700 range low, marked by a prominent horizontal red support line. A green upward arrow points to a potential bullish reversal upon reclaiming this level. The chart highlights current market hesitation and advises waiting for confirmation before entering long positions."

Whales Are Quietly Stacking Both Sides

Bitfinex whale data tells a layered story. CW8900 flagged on X that large holders on Bitfinex are growing their BTC long positions. That part sounds bullish. But short positions are rising at the same time, pointing to a near-term pullback they appear to be hedging for.

The two moves are not contradictory. Whales stacking shorts now while holding longs suggests they are managing a dip before a bigger move up. The accumulation of long exposure is still growing on net, which speaks to where they think Bitcoin is headed over a longer horizon.

CW8900 on X noted that while short-term shorts are being added, the long-term positioning remains firmly bullish, with large holders continuing to build out their long book.

$67,700 Stays the Number to Watch

The range low has been tested. Price is hovering just under it. According to CryptoTony__ on X, a cleaner reclaim of the $67,700 level would be the safer signal for entries rather than chasing the current price action.

That read lines up with what whale positioning shows on Bitfinex. Short interest picking up in the near term makes a brief dip the more likely scenario before any meaningful upside resumes. The $67,700 level, in that context, becomes the floor traders are watching for a confirmed bounce or rejection.

Bitcoin sitting under key range support while large holders layer in both directions is not panic. It reads more like patience, with bigger players setting up for a move they expect to come later.

Key Takeaways:

  1. Bitcoin traders are advised to wait for a clean reclaim of $67,700 before entering long positions.
  2. Bitfinex whales are increasing BTC long positions while also adding short-term shorts.
  3. Long-term whale accumulation signals a rally setup despite near-term bearish pressure.