Riot keeps selling $700 million, but the smart money is quietly taking the other side? Hidden dangers in the $BTC 1-hour timeframe!
When miners are dumping and big whales are getting liquidated, the truly smart money always gets greedy when others are afraid.
Brothers, in the first half, Riot Platforms sold 9,665 BTC at an average price of $75,785. Miners have already run—are you panicking? Don’t rush. Take a look at the smart money overview: total open interest is $3.17 billion, long/short ratio is 26.39%, and the longs are getting crushed. Shorts have an unrealized profit of 20.84 million U. They’re long from an average price of 64,696, and now around 64,200—they’re still holding their position.
On the 1-hour timeframe, BTC rebounded from 62,714 and is currently ranging near 64,200 on shrinking volume. Above, 64,700 is a strong short-liquidation zone. If that breaks, shorts will be forced to cover in a cascading manner—there are $10 billion worth of short positions waiting to be liquidated. But the long-liquidation zone near 62,200 isn’t far either. If it’s broken, the longs will also see heavy bloodshed.
AK trading idea:
Go long: buy around 63,900–64,000 on a pullback, target 64,800
Go short: sell around 64,700–65,000, target 64,000
Brothers with no clear direction can join the chat room.
#美元跌至10周低点 #以太坊基金会启动Glamsterdam测试网 $BTC $ETH
When miners are dumping and big whales are getting liquidated, the truly smart money always gets greedy when others are afraid.
Brothers, in the first half, Riot Platforms sold 9,665 BTC at an average price of $75,785. Miners have already run—are you panicking? Don’t rush. Take a look at the smart money overview: total open interest is $3.17 billion, long/short ratio is 26.39%, and the longs are getting crushed. Shorts have an unrealized profit of 20.84 million U. They’re long from an average price of 64,696, and now around 64,200—they’re still holding their position.
On the 1-hour timeframe, BTC rebounded from 62,714 and is currently ranging near 64,200 on shrinking volume. Above, 64,700 is a strong short-liquidation zone. If that breaks, shorts will be forced to cover in a cascading manner—there are $10 billion worth of short positions waiting to be liquidated. But the long-liquidation zone near 62,200 isn’t far either. If it’s broken, the longs will also see heavy bloodshed.
AK trading idea:
Go long: buy around 63,900–64,000 on a pullback, target 64,800
Go short: sell around 64,700–65,000, target 64,000
Brothers with no clear direction can join the chat room.
#美元跌至10周低点 #以太坊基金会启动Glamsterdam测试网 $BTC $ETH