Lookonchain: Whale Shorts 640 BTC for $49.33M

Lookonchain tracked wallet 0xedcd creating a fresh address, depositing 20M USDC on Hyperliquid, flipping a prior $10M profit from a 4x long on 20,000 ETH into a new 4x short on 640 BTC worth $49.33M.

BTC trades at $77041.99 inside a bearish structure where EMA50 resistance at $78432.76 caps upside and EMA200 support at $74118.37 anchors the floor, while MACD death cross at -581.03 and RSI 35.85 leave room for downside before any bounce; price remains trapped between Bollinger upper resistance $79655.96 and lower support $76497.16, setting up a probable retracement that aligns with BTC price prediction models and crypto market crash scenarios.