The whale decided to re-enter another BTC long with 20x leverage on a $200 million position (1,894 BTC), which was a big risk considering the current volatility. The momentum has the potential to provide a momentum-driven breakout for the whale, in case BTC can hold above $106K. Nevertheless, should the BTC push off $102K and continue in an upward direction, the strategy might be justified, particularly in case the price retargets the +1.0 sigma range to the value of $121,519.
Author: Lennox Gitonga
Published at: 2025-06-15 22:00:02
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