Whale: $21.1M Profit on $80M BTC ETH Longs
Bitcoin whale entered $80M BTC and ETH longs at $62,353 and $1,762 on July 6, now holding $21.1M unrealized gains amid rebound.
SourceAnalysis
Bitcoin whale opened $80 million long positions in BTC at $62,353 and ETH at $1,762 on July 6 during the market drop triggered by MicroStrategy's sale announcement and has held through the rebound for $21.1 million in floating profit. BTC price prediction models now face scrutiny as price action shows BTC at $77401.58 testing upper Bollinger resistance at $78755.63 while RSI(14) hits 94.43 overbought territory and MACD confirms bullish golden cross at 3190.56, suggesting a healthy retracement toward EMA50 support at $67496.56 before continuation. The position also ties into broader crypto market crash recovery dynamics seen over the past six months.
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@EmberCNAnalyst about On-chain Analysis