Stop before celebrating traders - 127 whales in DASH are waiting for the right moment

WalletDetective · 2026-02-05T10:08:39+00:00

While small traders celebrate a new bullish movement in DASH, data indicates a different scenario, with whales suggesting a potential trap for latecomers. Currently, 127 whales are reportedly shorting, while 101 are long and facing losses. Critical support levels are highlighted, with warnings about a potential drop. The analysis emphasizes monitoring price movements and advises conducting personal research before trading.

WalletDetective

2026-02-05 10:08:39

Abstract generation in progress

While small traders celebrate a new upward move for DASH (DASH), on-chain data points to a completely different scenario. You should stop blindly trusting these green candles; indicators warn of a potential trap set by the whales for late traders.

What are the whales doing now?

Current data shows a concerning scene: 127 whales are opening short positions, and all are currently in realized profits. Meanwhile, 101 whales are maintaining long positions and are suffering floating losses exceeding $1 million. This large gap indicates that big money is betting on a sharp bearish reversal, and this bullish wave could just be a lure to attract liquidity before a collapse.

The current price of DASH stands at $39.40, down -7.05%, but this modest dip could be a prelude to a much stronger move if the whales’ predictions prove correct.

Critical technical levels to watch

The main resistance zone is around $63.60 - $65.00, where the price tests the EMA99 average. This level is not an arbitrary choice — it represents a historic barrier that has repeatedly resisted upward movement. When the price hits this level with whale selling pressure, a sharp reversal often occurs.

The key warning signal to wait for is a proper red candle close below $61.50. This close would confirm a break of the near-term support and signal a deeper decline.

The expected scenario and target

If the whale-led sell scenario materializes, the first target drops to $55.00. This level is a strong support zone that could temporarily halt the decline. Keep a close watch in the coming weeks, as the current balance of power could shift quickly.

The simple reason for this analysis: whale sellers are in increasing profits, giving them motivation to push the price toward reversal. Multiple whales with open positions are suffering losses, indicating they are trapped in a losing stance — exactly the situation the rest of the whales are aiming to create.

DYOR — Do your own research before any trading move.

DASH-2,18%

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