Post
salmandra
I am the mid-term intelligence guy.
This afternoon $BTC sharply dropped then pulled back around 84000. Combined with the news "7 whales with tens of millions cleared out 356 million long positions," the truth is clear:
The surge and fall is the whales closing longs at high levels + partly reversing to short, causing panic and shaking out the chasing high positions.
But look, 4 addresses are holding 37.73 million USDC watching, 3 are switching between long and short, no real "mass exodus."
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