A giant whale's $30.5 million BTC long position is on the brink, liquidation price at $72,433

It’s estimated that this giant whale is about to be liquidated!

Currently, the support zone below Bitcoin is between 700-720, more precisely 720, 718, 714. If it stabilizes at 725, there will be a rebound. If this whale gets liquidated, it will most likely fall to around 720-723, then start to rebound. If the giant whale closes its position itself, a quick rebound could happen.

The rebound won't be very strong, with resistance at 760 above and another at 743. Normally, as Trump mentioned reaching an agreement, and Israel says it hasn't received high-level approval from Iran, Bitcoin hasn't dropped sharply. Overall, it remains relatively stable. If positive news continues, tomorrow’s Asian session should move upward.

The giant whale is really difficult—not only does it get watched and liquidated, but it can also cause the market to crash. Too tough!

Recently, I got stopped out on a Circl trade. I have a feeling that the US stock market seems easier to trade than the crypto market; its patterns are stronger and more influenced by Trump. Today, Circl entered around 102 and is now at 106, but Bitcoin is still stagnant.

First, observe the 4-hour and 8-hour closing lines. As long as it stays stable, a rebound will begin. The short positions from the decline weren’t taken profit on, and the long positions from the rebound still need to be taken.

A reminder: recent unlocks have been quite frequent, giving the impression that a dump is coming. Think back to the large unlocks around 2.1, where many shorts resulted in a run-up to 3-4 dollars, causing a lot of liquidations. So, unlocks don’t necessarily mean a drop; it’s more about analyzing the cost and profit of the market makers pulling $BTC the market up.