In July, Bitcoin whales have shifted their short position from loss to profit, with an unrealized profit of about $50,000.
On-chain tracking results from expert @ai_9684xtpa show that Bitcoin whales currently hold a short position worth $45.47 million, with an average opening price of $107,806.6, demonstrating a positive shift in short-term trading.
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Bitcoin whales have moved their short orders from loss to profit in a short time.
The opening price of the short position is $107,806.6, with a position value of $45.47 million.
Unrealized profit is currently about $50,000 according to accurate on-chain data.
Who are the internal Bitcoin whales and what is their influence?
According to on-chain analysis expert @ai_9684xtpa, internal Bitcoin whales are large, reputable investors with quick trading information, significantly influencing market trends.
They often hold large positions, capable of creating significant market volatility through buying or selling actions or short-long trades. Their position changes are often closely monitored by the cryptocurrency community to predict the next market trend.
Why is it important for whales to shift their positions from loss to profit?
Whales are often deeply experienced in the market, so when they shift their short position from loss to profit, it helps affirm an effective trading strategy amid recent Bitcoin price volatility.
This also reflects a change in market sentiment, risk control ability, and rapid response to price fluctuations, helping other investors have more reference for their trading decisions.
"The fact that Bitcoin whales have shifted from loss to profit in their short positions is a strong signal affirming positive changes in trading behavior in the market."
Nguyễn Thanh Nam – CEO of Blockchain Research Company, 4/7/2024
Details about the short position of Bitcoin whales in July 2024
The short position held by whales has a total value of $45.47 million with an average opening price of $107,806.6, indicating a significant investment level along with confidence in a short-term price decline.
The current unrealized profit of about $50,000 demonstrates the effectiveness of their bearish market betting strategy, while also showing their ability to control and manage risk effectively.
"Accurate on-chain data helps investors better understand the sentiment and behavior of whales during major fluctuations."
Trần Hữu Đức – Cryptocurrency Analysis Expert, 2024
How do Bitcoin whales impact the cryptocurrency market?
Bitcoin whales always play a crucial role in regulating liquidity and the overall direction of the cryptocurrency market, especially with large positions like short or long.
Their buying and selling moves, expanding or closing their positions not only affect Bitcoin prices but also ripple through other Altcoins and derivative markets, creating clear volatility and guiding investment trends.
How can investors track and learn from the actions of whales?
Investors should track on-chain data from reputable experts and analysis platforms to understand the trading trends of whales, thus more accurately predicting price fluctuations.
Combining technical analysis and on-chain news about whales helps optimize investment strategies, minimize risks, and take advantage of opportunities to achieve sustainable profits.
What are the common types of positions held by whales and their significance?
Whales often use short or long positions to optimize profits based on short-term or long-term price volatility.
The short position allows them to profit by predicting price drops, while the long position follows the upward price trend. The flexible switching between positions reflects experience and effective risk management.
Frequently Asked Questions
What are Bitcoin whales?
They are large investors with significant influence in the cryptocurrency market, often holding large amounts of Bitcoin and trading in high volumes.Why is it important to care about the short position of whales?
The short position of whales reflects bearish sentiment and can predict significant price fluctuations in the market.What is unrealized profit in cryptocurrency trading?
Unrealized profit is the estimated profit not yet realized on open positions, reflecting current trading performance.How to track whale activities in the market?
Based on on-chain analysis tools and expert reports to timely identify the positions and trading trends of whales.How do short and long positions differ?
Short is used when expecting a price drop, Long is betting on a price increase; both allow whales to flexibly profit in any market condition.
Source: https://tintucbitcoin.com/ca-voi-bitcoin-lai-50-000-usd/
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