The floating profit of internal whales in the cryptocurrency market has just reached a record level after Bitcoin fell below 113,000 USD.
On-chain analysis shows that Short positions on BTC, ETH, XRP, and SOL are all profitable, with a total floating profit exceeding 7.2 million USD, reflecting the trading actions of internal whales.
MAIN CONTENT
Internal whales increase floating profit when BTC drops below 113,000 USD.
Short positions on BTC, ETH, XRP, and SOL are all profitable.
The total floating profit accumulated exceeds 7.2 million USD, indicating a strategic trading mentality.
What is floating profit and why is it important in the cryptocurrency market?
Floating profit reflects the profit on open positions, indicating potential profitability if traders or whales realize profits at the current moment. This is an important indicator for analyzing market sentiment and the actions of large investors.
In the cryptocurrency market, floating profit is often used to predict price corrections or the next trend, especially for whales that significantly influence liquidity and price volatility.
What is the recent situation of floating profit among internal whales?
According to on-chain analysis from expert Aunt Ai (@ai_9684xtpa), after Bitcoin dropped below 113,000 USD, the floating profit of internal whales reached an all-time high. This reflects that this group has successfully placed many Short positions on major coins like BTC, ETH, XRP, and SOL.
The total floating profit of these positions is estimated to exceed 7.2 million USD. This level of profit indicates agility, market forecasting ability, and the influence of internal whales in capitalizing on price volatility to earn profits.
"The surge in floating profits indicates that whales are maximizing volatility opportunities to optimize profits, which also warns investors to pay more attention to upcoming volatility trends."
Aunt Ai, On-chain analysis expert, 02/08/2024
How do Short positions on BTC, ETH, XRP, and SOL affect the market?
Short positions are tools that help whales and investors protect their portfolios or profit from downward trends. Currently, Short positions on Bitcoin, Ethereum, XRP, and Solana are all profitable, reflecting market expectations of corrections or widespread price declines.
This creates temporary downward pressure on these coins while reflecting large capital being smartly moved by whales to capitalize on short-term opportunities. Therefore, retail investors need to closely monitor fluctuations as they may affect the overall market trend.
What are the risks and opportunities when floating profit rises high?
High floating profit indicates large capital is realizing profits or preparing to close positions, which could signal market reorganization or strong price volatility. This presents opportunities but also serves as a risk warning for inexperienced investors.
Professional traders often use this indicator to determine reasonable entry/exit points, while newcomers should be cautious as volatility can occur quickly and unpredictably, especially when whales implement large capital advantage strategies.
Frequently Asked Questions
How does floating profit affect the trading decisions of whales?
Floating profit indicates the immediate profitability of open positions, helping whales assess and decide when to close orders to optimize profits or cut losses.
Why are Short positions popular when Bitcoin declines?
Short positions allow investors to profit from downward trends, helping to manage risk when the market is unfavorable, especially with major currencies like BTC.
How to track floating profit in cryptocurrency?
On-chain analysis tools and blockchain data tracking platforms help update floating profits, reflecting the actions of whales and the market.
What is the relationship between floating profit and the broader market trend?
High floating profit often signals a reversal or market volatility, helping to forecast upcoming up or down trends.
What should newcomers to the market do when the floating profit of whales increases?
It is advisable to closely monitor trends, avoid decisions based on emotions, prioritize risk management, and refer to expert analyses.
Source: https://tintucbitcoin.com/ca-voi-crypto-lai-ky-luc-7207-trieu-usd/
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