The same whale closed a $20.12 million BTC long at 70,420 yesterday at 10:14 a.m. A little over an hour later, they opened a new $10.73 million long at 68,810. At 1:56 p.m., they cut an $8.43 million position at 67,530, then added $2.52 million back at 68,730 half an hour later.
Over the past 24 hours, on-chain perpetual smart money has been a net seller of $19.26 million in BTC. This wallet alone closed two longs worth a total of $28.55 million. Long and short wallets are at 49 to 51, basically an even split. Of the $286 million in open shorts, $195 million came from two long-standing hedging accounts, so you can’t really claim that smart money is unanimously bearish based on this.
What I’m more interested in is this whale’s timing: selling near the top, buying back on the pullback, cutting again after the breakdown, then buying back after the cut. BTC is now around 67,100, and after breaking below the 200-week moving average, their last two longs are both underwater. Positions worth tens of millions are getting whipsawed. I’m sitting this market out for now and waiting for the direction to become clear.
#比特币跌破200周均线 $BTC
Over the past 24 hours, on-chain perpetual smart money has been a net seller of $19.26 million in BTC. This wallet alone closed two longs worth a total of $28.55 million. Long and short wallets are at 49 to 51, basically an even split. Of the $286 million in open shorts, $195 million came from two long-standing hedging accounts, so you can’t really claim that smart money is unanimously bearish based on this.
What I’m more interested in is this whale’s timing: selling near the top, buying back on the pullback, cutting again after the breakdown, then buying back after the cut. BTC is now around 67,100, and after breaking below the 200-week moving average, their last two longs are both underwater. Positions worth tens of millions are getting whipsawed. I’m sitting this market out for now and waiting for the direction to become clear.
#比特币跌破200周均线 $BTC
