Bitcoin: Traders Open $40M Long on Spot Buy

Bitcoin traders executed a 100 BTC spot market buy and simultaneously opened a $40M long, a classic ape behavior pattern that often faces liquidation before any sustained trend develops.

Price action at $77419.52 sits just above the EMA50 support at $77243.87 and EMA200 at $77302.62 while the MACD registers a bullish golden cross at -18.78; the neutral RSI at 55.99 leaves room for continuation, yet the position tests the upper Bollinger Band resistance at $78308.09, raising the probability of a quick retracement toward the 50-EMA before any breakout attempt materializes.