The whale at the top of the pre-market futures short leaderboard added to their position again in the early hours, and is now sitting on an unrealized profit of $6.56 million.
I’ll use the high before the news came out as the dividing line: staying above it is relatively strong; falling back below it is relatively weak.
This isn’t great news, but it’s hardly unprecedented for prices to rebound after falling on bearish news.
$BTC . If you could sum up this news in just two words, what would you choose?