Bitcoin: Whale 0xaeaa Opens 20x Short on 1,100 BTC

Bitcoin whale 0xaeaa opened a 20x short on 1,100 BTC valued at $64.95M with a liquidation price of $67,914.56, according to Lookonchain data.

Price action on the 4h chart shows BTC at $59021.72 locked in a bearish trend beneath the EMA50 at $60599.06 and well below the EMA200 at $65549.74, with the MACD death cross at -494.71 reinforcing downside pressure while the RSI at 41.52 remains neutral inside the Bollinger bands bounded by $58476.62 support and $60875.94 resistance, pointing to exhaustion at the upper band before any retest of higher liquidation levels.