0xff84: Largest On-Chain BTC Short at 2,000 BTC
0xff84 expands BTC short to 2,000 BTC worth $125.37M with $1.79M unrealized profit and $63,528.92 liquidation price, becoming top on-chain bear.
SourceAnalysis
0xff84 added to the position and now holds the largest on-chain BTC short at 2,000 BTC valued at $125.37M, booking $1.79M in unrealized gains with liquidation set at $63,528.92.
Price action on the 4h chart shows BTC trading at $62,828.68 and testing the lower Bollinger Band support at $62,849.48 while the EMA50 at $63,964.81 and EMA200 at $63,705.33 act as overhead resistance in a bearish structure confirmed by the MACD death cross at -333.84; RSI at 32.83 leaves room for further downside before any relief rally materializes.
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@lookonchainLooking for smartmoney onchain