💣 Billion-Dollar Bitcoin Long Flips Short — What’s Next for BTC?
📉 Bitcoin just slipped below $108K, rattled by rising U.S. trade tensions and heavy weekend volatility.
🔄 The big headline?
Top trader James Wynn closed his $1.25B BTC long… and opened a $110M short instead.
🗣️ Traders are split:
Macro bulls like Keith Alan say BTC’s uptrend is intact as long as it stays above $93.5K (Yearly Open)
Others eye a dip to $104K or even lower, calling it healthy retracement
Meanwhile, a fresh CME gap at $107,230 is acting like a magnet 📉
🧭 Sentiment: ⚠️ Short-Term Bearish, Long-Term Bullish
🎯 Key Levels:
Support: $104K, $100K
Resistance: $108K, $112K ATH
Liquidation Magnet: $107,230 (CME Gap)
🤔 Will this short flip spark more downside — or just fuel the next rally?