đ¨ BTC Whales Closing Massive Shorts â Is This the Quiet Before a Big Move? đ¤
đ Whales Shutting Down Shorts: Strategic Shift or Just a Pause?
In the last 24 hours, major short positions on BTC and ETH have been closed or liquidated, per Binance Futures data. High-volume traders are making moves!
Whatâs going on?
BTC slipped below the $113K (USDT) support amid heavy selling. But as it hit that level, whales started exiting shorts â not flipping to longs, just stepping back.
đ Two possibilities:
1. Theyâre locking in profits from the recent drop.
2. Theyâre bracing for a brief stabilization or a potential relief rally.
No significant long positions are building yet, and funding rates remain neutral to slightly bearish. So, no big breakout imminent â for now.
đ What Iâm Tracking:
- $110K is the critical level. A break below could push BTC to $105Kâ$107K.
- If BTC holds steady and funding turns positive, a short squeeze could be on the horizon.
- BNB is losing steam below $740, and altcoins are still weak.
đĄ My Plan:
- Avoiding leverage for now.
- Watching BTC and ETH volume closely.
- Ready to DCA lightly if the structure holds.
Whale short closures arenât always a bullish signal â sometimes theyâre just repositioning. Stay sharp and patient, like the
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