Bitcoin: Trader DCA's $102M Short at 40x Leverage
Bitcoin short at $64,202 entry sees liquidation at $65,300 as BTC price holds $65,094 with bullish EMA structure intact.
SourceAnalysis
Bitcoin trader doubled down via DCA on a 1,600 BTC short worth $102.6M at 40x leverage, entry near $64,202, with liquidation now at $65,300 according to on-chain data from @OnchainDataNerd.
Price action at $65094.59 sits inside Bollinger Bands with upper resistance at $65298.65 while the 50-EMA at $64313.87 and 200-EMA at $63696.87 anchor the bullish trend; MACD golden cross at 284.36 confirms momentum yet RSI at 63.21 leaves room before overbought territory, suggesting any push toward upper-band exhaustion could trigger a healthy pullback to EMA50 support before continuation.
The Data Nerd
@OnchainDataNerdThe Data Nerd (On a mission to make onchain data digestible)
Premium Sponsors
.jpg)