Lookonchain: 0x004E Loses $3.28M on BTC Short
0x004E fully liquidated on $81.6M BTC and ETH shorts after 8 failed trades, losing $3.28M as Bitcoin trades at $73681.57 with RSI at 91.44.
SourceAnalysis
Lookonchain reported that gambler 0x004E saw his $BTC short fully liquidated after losing $3.28M across eight failed short attempts on $BTC and $ETH over two days.
With price testing upper Bollinger resistance at $74864.96 while RSI flashes overbought at 91.44, a healthy retracement to the 50-EMA support at $66273.6 seems probable before further continuation amid current BTC price prediction models and lingering crypto market crash fears that ignore AI industry impact on macro flows.
Lookonchain
@lookonchainLooking for smartmoney onchain