Bitcoin Price Prediction: BTC Consolidates as Veteran Trader Bets $438M on Pullback
- Bitcoin consolidates near $121K as traders balance profit-taking and accumulation.
- Futures open interest surges to $90B, signaling leveraged optimism and volatility.
- Veteran whale’s $438M short bet raises caution despite ongoing market accumulation.
Bitcoin is trading near $121,550 after failing to hold above its recent peak of $126,272. The market is showing consolidation, with traders split between profit-taking and renewed accumulation. Significantly, derivatives data and spot flows reveal diverging investor sentiment as a veteran trader placed a massive short bet against the top cryptocurrency.
Market Consolidation After a Sharp Rally
Bitcoin surged from $108,667 to $126,000 before encountering heavy resistance that triggered a retracement. The 4-hour chart now shows price stabilization between $121,000 and $119,500, areas aligning with key Fibonacci and E…
Read The Full Article Bitcoin Price Prediction: BTC Consolidates as Veteran Trader Bets $438M on Pullback On Coin Edition.
Читать больше
Bitcoin Price Prediction: Analysts Eye $125K Rebound As Sovereign Wealth Funds Buy The Dip
Bitcoin Price Prediction: BTC Consolidates as Veteran Trader Bets $438M on Pullback
- Bitcoin consolidates near $121K as traders balance profit-taking and accumulation.
- Futures open interest surges to $90B, signaling leveraged optimism and volatility.
- Veteran whale’s $438M short bet raises caution despite ongoing market accumulation.
Bitcoin is trading near $121,550 after failing to hold above its recent peak of $126,272. The market is showing consolidation, with traders split between profit-taking and renewed accumulation. Significantly, derivatives data and spot flows reveal diverging investor sentiment as a veteran trader placed a massive short bet against the top cryptocurrency.
Market Consolidation After a Sharp Rally
Bitcoin surged from $108,667 to $126,000 before encountering heavy resistance that triggered a retracement. The 4-hour chart now shows price stabilization between $121,000 and $119,500, areas aligning with key Fibonacci and E…
Read The Full Article Bitcoin Price Prediction: BTC Consolidates as Veteran Trader Bets $438M on Pullback On Coin Edition.
Читать больше