A major whale closed a $110 million BTC long position, taking a $3.26 million loss, and switched to going long on US stocks.
I’ll use the high from before the news broke as the dividing line: above it is bullish; below it is bearish.
When negative news hits, panic sellers tend to exit first. Only afterward can we see how much genuine buying support there is.
$BTC is currently at 82,386. What do you think—bullish or bearish?
I’ll use the high from before the news broke as the dividing line: above it is bullish; below it is bearish.
When negative news hits, panic sellers tend to exit first. Only afterward can we see how much genuine buying support there is.
$BTC is currently at 82,386. What do you think—bullish or bearish?