#BTC
Someone just opened a $51.3 million short position, with an entry price of 79,757. 🚨
This scale isn’t something small retail traders can do; it’s probably an institution or a large whale positioning.
They’re betting that the short-term high has already passed and that the next move will be down.
But a large position doesn’t necessarily mean it’s right—it just means someone is willing to place a heavy bet at this level.
I’ll keep a closer eye on this price level, but I won’t change my own pace just because of one short position. 🐋
Someone just opened a $51.3 million short position, with an entry price of 79,757. 🚨
This scale isn’t something small retail traders can do; it’s probably an institution or a large whale positioning.
They’re betting that the short-term high has already passed and that the next move will be down.
But a large position doesn’t necessarily mean it’s right—it just means someone is willing to place a heavy bet at this level.
I’ll keep a closer eye on this price level, but I won’t change my own pace just because of one short position. 🐋
