Bitcoin: Gambler Opens $70M 40x Long

Bitcoin gambler 0x396d opened a 40x long on 911.55 BTC worth $70.08M ten hours ago at a liquidation price of $76,308.6. The address has executed 80 BTC trades recently and won 92.5% of them.

Price sits at $76,848.07 inside the Bollinger band with lower support at $76,722.22. The bearish EMA50 at $78,539.19 caps upside while the EMA200 at $74,105.42 anchors the longer-term floor. RSI at 31.58 shows neutral momentum yet the MACD death cross at -580.71 keeps downward pressure intact. A test of the lower band near the liquidation level could trigger forced covering before any rebound toward the upper band at $79,803.16.