Bitcoin: New Wallet Opens 30x Short on 300 BTC

Bitcoin saw a fresh wallet deposit 4M USDC to open a 30x short on 300 BTC worth $23.76M, setting liquidation at $90,820.04.

The position arrives while BTC trades at $79,335.47 inside its Bollinger band, with upper resistance at $80,438.02 and lower support at $77,994.83.

Price action shows a bullish trend above the EMA50 at $76,752.9 and EMA200 at $69,718.56 yet the MACD at 688.74 has printed a death cross, hinting at near-term exhaustion that could test the 50-EMA support before any continuation. Traders tracking BTC price prediction models now weigh whether this leverage bet foreshadows a crypto market crash or simply profit-taking ahead of the next leg higher.