Bitcoin Whales Started to Increase Their Positions - Koin Bulletin

Data in the derivatives market shows that Bitcoin (BTC) whales continue to short sell.

According to information provided by derivatives analyst Greeks.live, a total of 20 million dollars of Bitcoin transactions were recently made with the butterfly strategy.

! [Resim] (https://img-cdn.gateio.im/resized-social/moments-81fa4f2149-cbafa46c14-e2294f-d8d215)

In the newly opened position, it is predicted that the Bitcoin price will experience a small-scale decrease before March 29. The investor's maximum profit point will be 47 thousand dollars.

It was stated that there would be no loss below 49 thousand 800 dollars in the position where the investor's implied or implicit volatility expectation can be seen, but a loss may occur if it falls below 44 thousand dollars.

“Whales continue to increase their short positions, generally to hedge the spot or take profits, which is different from most people's expectation that new records will be set,” Greeks.live said.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
Journey(StarryMorningvip
· 2024-02-21 01:02
Ambush 100 times coin 📈 All in All in Grasp the trend and make a wild profit in 🙌 2024!💸 Bitcoin Halving, just do it! 👊
View OriginalReply1
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)