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A whale is short $73.9 million in BTC.
A major investor decided to short $73.9 million with 15x leverage and liquidation at $83,870.
Many have now shorted the asset, and against this backdrop, we're seeing a local rebound in BTC. After collecting liquidity, longs have switched to shorts.
If this whale also liquidates, it will be good fuel for growth. Even though $83,870 is quite far away, a further correction seems logical now. Market manipulation is still possible.
#btc #usdt #usdc #xrp #Oil $GT $ETH $SOL
Bitcoin has lost a key support level and is at risk of falling to $72,000. Analysts are seeing increasing weakness in both Bitcoin and altcoins amid worrying macroeconomic data from the US.