Crypto Whale: Incurs $16M Loss on Shorts

A prominent crypto whale, pension-usdt.eth, racks up a floating loss exceeding $16M on 3x leveraged short positions in BTC and ETH as the market climbs relentlessly, per on-chain data from OnchainLens. This misstep highlights the perils of betting against a bullish crypto market trend, especially with Bitcoin dominating headlines and drawing parallels to last quarter's BTC rally that crushed similar shorts.

Zooming into the 4h BTC chart, price action screams bullish conviction as it tests the upper Bollinger resistance at $79816.25 while the RSI(14) hits an overbought 71.51, flirting with exhaustion yet backed by a MACD golden cross at 543.11 signaling sustained momentum. With the EMA50 at $77648.46 acting as immediate support and the EMA200 at $74740.05 providing a deeper floor, expect a tactical pullback to that 50-EMA level before resuming the uptrend—perfect confluence for institutional longs to add on dips, avoiding the whale's short-side trap amid this crypto market surge and BTC price prediction upside.