Bitcoin: Whales Open Over $100M BTC Shorts

Bitcoin whales just opened over $100M in short positions, with address 0x069a entering a 40x short on 900 BTC worth $53.69M and 0x3e7a taking a 20x short on 800.75 BTC for $47.76M.

Price sits at $59375.91 inside the Bollinger band with lower support at $59328.76 while EMA50 at $60990.6 acts as concrete resistance above the EMA200 at $65913.36; the bearish trend structure combined with neutral RSI at 40.17 and MACD golden cross creates clear confluence for a test of lower support that could validate aggressive BTC price prediction models forecasting a crypto market crash if these leveraged shorts trigger cascading liquidations.