Bitcoin Whale: Long Position Nets $5.88M Profit

Bitcoin whale @Jason60704294 opened a 2835.32 BTC long position worth $1.7 billion at $60153.8 and now sits on $5.881 million in floating profit after price cleared $62000.

Price action on the 4h chart shows a bearish structure with price below EMA50 at $66168 yet MACD has printed a bullish golden cross at -1703.77 while RSI at 39.73 leaves room before overbought conditions; with price testing the upper Bollinger Band resistance at $64718.94, a healthy retracement toward the $59312.3 lower band or EMA50 support appears probable before any sustained continuation in BTC futures trading around $60k support levels.