0x049: Opens $20M 20x BTC and ETH Long Positions
0x049 opens 162.62 BTC and 6,136 ETH longs at 20x leverage for $20M total as Bitcoin trades at $61285.6 on the 4h chart.
SourceAnalysis
0x049 reopened long positions in 162.62 BTC and 6,136 ETH at 20x leverage after a two-week pause, pushing the combined notional to $20M on the perpetuals platform.
Bitcoin price action at $61285.6 sits inside the Bollinger Bands with the upper resistance at $64206.03 while the EMA50 at $64177.13 and EMA200 at $71437.04 define the bearish structure; the MACD death cross at -505.95 and neutral RSI of 40.07 suggest any bounce toward the 50-EMA will likely stall before a retest of the lower band support near $60805.97, shaping the near-term BTC price prediction amid ongoing leverage flows.
Onchain Lens
@OnchainLensSimplifying onchain data for the masses