Bitcoin: Garrett Jin's 5x BTC Long Loses $17M
Bitcoin drops below $63000, leaving Garrett Jin with over $17M floating loss on 5x long as RSI hits 15.2 oversold on 4h chart.
SourceAnalysis
Bitcoin slipped below $63000 and Garrett Jin now sits on a floating loss exceeding $17M in his 5x long, according to on-chain data from hypurrscan.
Price action at $62687.16 remains locked inside the Bollinger Bands with the lower support at $62297.84 while the EMA50 at $71176.11 and EMA200 at $75295.06 act as firm resistance overhead; the MACD death cross at -2392.46 keeps the structure bearish even as RSI(14) at 15.2 signals oversold conditions that could shape near-term BTC price prediction and prevent a deeper crypto market crash before any relief rally.
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