Cryptocurrency market: Analysis of the actions of whale @AguilaTrades
The bullish trend of whales in the cryptocurrency market
According to data tracked by on-chain analyst Yu Jin, the whale @AguilaTrades has returned to a buying strategy in the BTC market. After losing $15.42 million in two unsuccessful long positions, he has recently started to open his third long position in Bitcoin. Currently, this whale holds a strong long position: 500 BTC with 20x leverage, worth about $52.52 million. At first glance, this indicates a positive growth signal, as the whale is preparing to 'add fuel to the fire' in hopes of a market recovery.
Details about the whale's strategy and its impact on the cryptocurrency market
The opening position of @AguilaTrades had an initial entry price of $104,903, which is quite a high price to open a fierce long position. This strategy shows that the whale is confident in the BTC market's ability to increase in price soon. Typically, such actions from whales will attract the attention of retail investors, creating a positive psychological effect or concerns about potential high volatility in the short term. This is also a clear sign of positive sentiment in the cryptocurrency community, as larger investors begin to act more aggressively after a prolonged correction.
Source: https://tintucbitcoin.com/dai-ca-map-aguilatrades-mo-long-btc-3-lan/
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