BTC: Trader Closes $178M Short, Opens $131M Long

BTC trader @Jason60704294 closed a 2741.712 BTC short position worth roughly $178 million and booked $2.26 million in profit before flipping into a 2015.916 BTC 4x long at an average entry of $64983.34, leaving a remaining $157 million long exposure with $1.34 million in unrealized gains.

Price sits at $64898.51 inside the Bollinger band with lower support at $64806.77 while the EMA50 at $65024.28 acts as immediate resistance and the EMA200 at $63745.92 marks deeper structural support; the MACD death cross at 179.65 keeps the four-hour structure bearish even as RSI at 42.64 leaves room for continuation. With price testing lower Bollinger support while the death cross persists, a retest of the 50-EMA resistance at $65024.28 appears probable before any sustained move lower. Traders tracking BTC price prediction models and potential crypto market crash scenarios continue to monitor these levels alongside Bitcoin trading strategy flows from large accounts.