Whales are taking action, is Bitcoin's $100,000 ascent a rise or a crash?
Bitcoin has surpassed $100,000, officially becoming the fifth largest asset globally, even surpassing Amazon's market value. Ethereum has surged to $2,400, memecoins are skyrocketing, and PEPE has surged 40% overnight. Do you think this is the beginning of a new frenzy? Not so fast, the whales have already placed their bets.
According to Lookonchain data, a whale has deposited 13 million USDC into Hyperliquid, using 5x leverage to short Bitcoin, Ethereum, and Solana directly. Is this a precise strike? Or a contrarian indicator?
Such an aggressively bearish position across the board, in the context of continuous inflows into ETFs, sovereign capital entering the market, and retail confidence returning, really doesn't seem like the actions of smart money. It feels more like betting on an unexpected event or a 'black swan' of reflexive emotional collapse.
If you are a retail investor, here comes the question: do you dare to catch the chips thrown out by smart money? Will you choose to avoid high positions, or will you take advantage of the pullback to increase your holdings?
What comes next, a skyline, or the guillotine?
