Sat0shi777: Loses $3.1M on BTC Long and ETH Short

Sat0shi777 opened a 468 BTC long at $62729 for $29.38M on June 24 only to watch price collapse below $60K, then added a 47500 ETH short at $1536 for $72.94M that immediately stalled, leaving the combined $102M book down $3.09M. BTC now trades at $60105.39 inside its Bollinger band with upper resistance at $61609.94 and lower support at $59002.57; the 50-EMA at $61716.22 continues to cap rallies while the 200-EMA at $66719.75 defines the broader bearish structure. With RSI at 43.61 and MACD already printing a golden cross, price action at the upper band suggests a quick retracement toward the 50-EMA before any sustained move higher, a setup that would deepen the whale’s unrealized loss on the long side.