BTC short sellers get hit, ETH short sellers queue up



Whales are disarming each other, retail traders better stay away

Today’s market looks like it’s still waking up at first glance. BTC, ETH, SOL all slightly down, no big waterfall decline or rebound. But when overlaying on-chain data and trading volume, it’s clear this isn’t a lack of market activity, but whales disarming each other.

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$#美股三大股指普跌,存储概念股跳水 :Shorts just got hit, longs take the lead

BTC is around 63,900, yesterday peaked at 65,616, today it was pushed back down again. Not being able to break above 65,000 indicates selling pressure above still exists, but not breaking directly below 63,700 shows shorts aren’t that comfortable either.

James Wynn’s 40x BTC short was partially liquidated, while two whales simultaneously opened long positions, totaling about $175 million. Retail traders are watching sideways K-lines, whales are watching who gets liquidated first.
BTC-3,26%
ETH-1,86%
SOL-1,78%
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BtcPony
· 13jam yang lalu
Masuk pasar saat harga terendah 😎
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