SmartX CEO: $16.5M Binance Longs Show $2M Loss

SmartX CEO revealed a $16.5 million long book on Binance carrying roughly $2 million in floating losses, with BTC opened at $82,066 and ETH at $2,524 after the mid-October dip.

The positions, dominated by BTC, ETH, SOL, BNB and UNI, are slated to migrate to the SmartXTerminal social trading application launching this month.

Price at $79,251.94 sits just above the upper Bollinger band at $79,122.39 while the 50-EMA at $78,508.08 and 200-EMA at $80,810.81 frame the range; with RSI(14) at 60.93 and MACD already in bullish golden cross territory, the setup favors a measured pullback toward the 50-EMA before any sustained push higher.