Bitcoin: Whale 0xebe8 Closes 800 BTC Long, Loses $1.26M

Bitcoin whale 0xebe8 closed an 800 BTC long position valued at $48.8M, booking a $1.26M loss once price slipped below $61,000.

Price action at $60970.53 sits below both the EMA50 at $63657.89 and EMA200 at $68008.38, confirming the bearish trend structure while the MACD death cross at -513.21 reinforces downside momentum; with the RSI at 28.07 marking oversold territory and price now testing the lower Bollinger Band support near $61425.38, the liquidation aligns with exhaustion toward short-term volatility targets before any potential relief rally.