Crypto Next World Crypto Free Tips & News Update.
A bitcoin whale has received about $ 10 million profit after the upcoming bitcoin price, 40x lensing of more than $ 516 million, about $ 10 million after closing the small position. Federal Open Market Committee (FOMC) meeting This week.
The investor shortened 6,210 BTC at an entry price of $ 84,043 per bitcoin, using borrowed funds to increase the size of the condition.
The merchant closed all the small positions within a few hours, according to which the profit earned $ 9.46 million Hipkain data,
Whale dods liquidation hunt, bitcoin adds $ 5m to a small position
Beneficial tradeWhen offering capacities for high profit, they also come with increased risks, as they can cause liquidation if the price movements are known against the merchant.
In this case, the whale puts the liquidity at risk if the price of bitcoin exceeded $ 85,592.
At one point, the whale was forced to add $ 5 million to its position, when a group of traders attempted to trigger their liquidation – a strategy that is usually known as “liquidation hunting” – but eventually failed, as the blockchain analytics firm Lukanchen noted on 17 March on a post.
After successful short trade, the whale focused on the atherium, using a portion of the profits, to accumulate more than $ 6.1 million more than 3,200 Eth, according to the figures of Ethercan.
Whale’s move time coincides with the growing market expectation around the FOMC meeting on March 19, which can affect the investor’s spirit in the Cryptocurrency market.
The meeting is expected to provide more clarity on the monetary policy of the Federal Reserve for 2025, a major factors that can affect the risk -like property like bitcoin.
Meanwhile, concerns related to inflation are indicating ease after the release of the US Consumer Price Index (CPI) of February, which recorded an increase of 2.8% year-to-year, slightly lower than the expected 2.9%.
According to the latest estimates of the fedwatch tool of the CME group, market expectations currently indicate 99% probability that the Federal Reserve will keep the interest rates unchanged.
With changes in macro conditions and increased instability of bitcoin, traders and investors will be looking closely for signs from the fed that can shape the move of the next major market.
Bitcoin braces for FOMC decision amid market uncertainty
In a comment shared with Cryptonews.com, Bitgate CEO Grassi Chen said that the recent dip of bitcoin is surprisingly Donald Trump’s pro-crypto trend and the increasing idea of the American strategic bitcoin reserve.
While the US government has not started collecting bitcoins, Chen believes that it may soon bring institutional validity and long -term value support.
Additionally, the progress of the Stabelin bill through the Congress indicates a change towards the blockchain-based financial system.
Despite the market uncertainty, the chain sees $ 73K-$ 78k as a solid entry point with a potential $ 200k bitcoin price target within 1-2 years.
“In the next 1-2 years, the BTC is not as far away at 200k as it will think the most.”
Meanwhile, the chief analyst of Bittgate Research, Ryan Lee, said that the fed would keep the interest rates at 4.25%-4.50%.
He claimed that the bitcoin rally indicates if the fed fed fed rates indicate, but a Hawkish stance may put pressure on the risk assets.
He hopes that bitcoin will trade between $ 80K-$ 86k and Ethereum between $ 1,800-$ 2,100 post-FOMC.
Post $ 10 million in profit on Crypto Whale Net 40x Leverage Bitcoin Appeared first Cryptonuse,