A whale is opening a short position on Bitcoin from a price of 85,000 dollars with an amount of approximately 300 million dollars, and its profit-taking areas are divided into two parts: one at 70,000 and the other at 59,000.
You have surely heard about this topic.
In my opinion, the market maker currently, if they decide to raise the market to 90,000 dollars, will liquidate this whale's position, but if the market rises, all those betting on the rise will win, and if the market falls, the market maker will incur significant losses, which could cause a disruption in the market. Be careful, my brothers.
In your opinion, will BlackRock allow the market to fall, especially since it was buying at the 102,000 dollar range? My brothers, if the market falls to the 59,000 range as the whale hinted and placed its profit-taking points there, there will be disasters in alternative currencies, and it could lead to the collapse of some platforms. This happens in every cycle of similar events, like the Luna bottom and the FTX bottom. The 70,000 range may be safe, but a fall to 59,000 would be a major disaster; be cautious.
So far, we are safe, but it is clear that the market is in confusion. This time, a large number of people have bet on a rise while a big whale bets on a fall, and the market is in turmoil.
However, as long as we are above the 80,000 range, we are safe. The current Bitcoin targets are still 90,000, and if it reaches that, the whale will have been liquidated. If Bitcoin breaks the 80,000 to 79,000 range, we are in danger. That's all.
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