Next potential resistance zone: 105,500 – 106,000 USD • If $BTC can surpass this zone with significant volume, the likelihood of returning to the 108,000 – 110,000 USD zone is high.
At the beginning of the week, the market has heated up: A Whale named James Wynn just opened a short position on BTC worth over 1 billion USD with a 40x leverage.
The liquidation price is only 3% away from the current range. If BTC rises to the $111k range, the likelihood of a short squeeze is extremely high.
Waking up early in the morning to do a motorcycle taxi ride, I might need 1000 rides just to cover the 'fee' for the whale, as this is an all-in bet on 'market direction'.