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- #Will BTC Hit a New High?#
BTC has broken past $100,000 and is now consolidating near its peak. What’s your outlook on the next move? With bullish sentiment on the rise, could BTC reach a new all-time high?
#Crypto Market Rebounds#
The crypto market is rallying across the board — altcoins are gaining momentum, and Memecoins are heating up! 🔥MOODENG is up over 100%, while PNUT and VIRTUAL have each gained more than 45%. The total crypto market cap has now exceeded $3.22 trillion!
What’s next for the market? Which rebound tokens are you most bullish on?
Post your insights and trading strategie
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Bitcoin Rise Puts Whale's Business in Zora: Had to Close with a Loss! - Coin Bulletin
After the sudden rise in the price of Bitcoin (BTC), a large crypto whale had to close their short positions, incurring a loss of over 1.6 million dollars.
The Lookonchain platform, which tracks cryptocurrency markets, reported an important development following the recent rise in Bitcoin prices. According to the data shared by the platform, a whale that previously opened large short positions on Bitcoin was forced to close its positions due to the rise in prices, resulting in a loss of over 1.6 million dollars.
This situation is a continuation of the investor mentioned in Lookonchain's post dated May 7. In the previous analysis, it was noted that two different wallets, likely belonging to the same whale, opened Bitcoin short positions with 11x and 40x leverage. The total size of these positions reached 127.7 million dollars, with liquidation prices at 104,600 dollars and 103,470 dollars, respectively.
The unexpected rise in Bitcoin's price has once again proven to be a significant risk factor for investors trading with high leverage. It appears that positions previously showing a loss of around 2 million dollars were closed with a loss of 1.6 million dollars in the latest situation.
The volatility in the cryptocurrency market poses serious risks, especially for investors engaging in high-leverage trades. Trading on an asset like Bitcoin, which can have rapidly changing values, with high leverage such as 11x and 40x can increase potential gains while also leading to significant losses.