Altcoin VELO pump tp $1.80 and a 136x inches closer.
The asset sees massive consolidation and is awaiting bullish effect on prices.
Several altcoins are showing incredibly bullish indicators on their price charts.
Despite the bullish sentiment in the crypto market caused by Bitcoin’s steady 6-digit prices and ETH pumping over $2,500, some analysts are expecting a small retracement in crypto prices. Thus, a few confident and vigilant traders short BTC and ETH to make the best of the small retracement in crypto prices. In spite of these short moves, the same analysts and traders are still bullish for the long-term.
Traders Short BTC and ETH
Often, the crypto market tends to experience short retracements before major parabolic pumps. For instance, let’s look at Bitcoin and Ethereum’s performance since the start of this New Year. In Q1 of 2025, Bitcoin (BTC) went on to hit a new ATH price at the $109,000 price range. Instead of pumping harder, the market went into a healthy correction phase to ensure a more bullish Q2 of 2025.
This is exactly what played out. In Q1, the price of BTC fell from $90,000 to $75,000 to finally begin to recover back to $95,000 in April. Once May began, Bitcoin finally reclaimed its 6-digit prices. On this rollercoaster of a ride, altcoins were following Bitcoin’s lead. To highlight, the price of ETH fell to set a new bottom and quickly pumped to regain its $2,000 price in May. Within the week, the price of ETH surpassed $2,500 and is now trading at $2,600.
Several Short Moves Ripple Across Crypto Traders
Currently, a handful of traders and analysts went on to make a risky move. Yesterday, a whale deposited $40.5 million USDC into Hyperliquid to short BTC, ETH, and SOL with 5x leverage. While many expected the whale to lose their funds, instead the market dipped and the whale flipped bullish, standing with unrealized profits of over $3,500,000. The market is still moving sideways, the whale will have to close the trade in time to remain in profit.
https://twitter.com/RAFAELA_RIGO_/status/1922414760361857136
Similar to the whale above, the analyst and trader in the post above is doing something similar. As we can see from the post, the analysts reveals that she is shorting BTC and ETH and is still expecting Bitcoin (BTC) to reach $99,400 - $100,000, in the next few days. This expectations lines perfectly with other analyst observations seeing a short retracement in crypto market prices.
The analyst is also shorting Ethereum (ETH) and expect the price of ETH to dip to $2,200 - $2,400 in the next few days during the crypto market price retracement phase. The analyst then urges traders to do their own research and make their own moves, irrespective of her trading strategy, but also shares whether she will be making any changes to her short trades on the platform either way.
