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BTC shorts get beaten, ETH shorts queue up
Whales are disarming each other, retail investors better stay far away
At first glance today, the market looks like it’s still sleepy. BTC, ETH, SOL are all slightly down, no big waterfall or rebound. But when you overlay on-chain data and trading volume, you'll see it’s not 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 now, peaked at 65,616 yesterday, and was pushed back today. Not being able to break above 65,000 indicates selling pressure above, but not breaking directly below 63,700 shows shorts aren’t that comfortable either.
James Wynn’s 40x BTC short was partially liquidated, while on the other side, two whales opened longs simultaneously, with a combined position of about $175 million. Retail investors are watching the sideways K-line, whales are watching who gets liquidated first.