A whale closes $ 516 million, 40x Bitcoin short, profit pockets $ 9.4 million in 8 days
Bitcoin whale closed more than half a billion short positions, betting on Bitcoin Price’s decline before the FOMC Open Federal Committee meeting this week.
A large investor for encryption, or whale achieved about 10 million dollars after the closure of a 40x financial leverage short position For 6,210 Bitcoin (BTC– For more than $ 516 million – which works actually a decrease in bitcoin.
Positions to benefit from use Borrowing money to increase the volume of investment, which can enhance the size of gains and losses, which makes trading beneficial more dangerous compared to regular investment functions.
Bitcoin whale closed shirt parking. source: Hypurrscan
The smart whale closed all its short stances within a few hours, which made a profit of $ 9.46 million from Bitcoin’s decrease, Hypurrscan Data appears.
The whale opened an initial location of $ 368 million at 84,043 dollars and faced a filter if the price of Bitcoin exceeded 85,592 dollars.
The whale managed to make a profit, although it was necessary to add $ 5 million to short, after a team of merchants publicly formed in “searching” for liquidation of his short position, who failed in the end, began. LookonchainOn March 17.
Bitcoin whale achieved $ 9.4 million in profits. source: Hypurrscan
After closing its bitcoin shorts, the whale began to accumulate the ether (Eth) With his profits, get more than 3200 ether for more than 6.1 million dollars at 7:31 am UTC on March 18, ETHERSCAN Data appears.
The achievement of profits comes a day before the next FOMC meeting on March 19, which will provide the market participants more sermon on the path of the Federal Reserve for the year 2025 and has the ability to influence the investor’s appetite for Risk origins such as bitcoin.
Related to: Bitcoin who suffers from “Shakeout”, not the end of a 4 -year cycle: analysts
Bitcoin may see bullish on inflation: Analyst
Fears related to inflation began to mitigate after the issuance of the US Consumer Prices Index (CPI) in February, which revealed an increase than expected by 2.8 % on an annual basis compared to the expected 2.9 %.
Fears related to relieving inflation may be a positive sign of the upcoming FOMC meeting, according to Fumihiro Arasawa, co -founder and CEO of XWin Research.
“He added: adding: adding: adding: adding: adding: adding:
“This indicates that inflationary pressures gradually reduce, which can affect the federal reserve monetary policy decisions.”
Arasawa added: “Bitcoin’s short term will depend on whether he can keep the support level of $ 81,000,” Arasawa added.
Related to: The biggest risk of the encryption market in 2025: American recession, circular encryption economy
The possibilities of the target bitcoin rate. Source: Fedwatch’s Group CME tool
Currently pricing the markets with an opportunity of 99 % that the Federal Reserve maintains fixed interest rates, according to the latest estimates for the CME Fedwatch Group tool.
“The market greatly expects the Federal Reserve to maintain steady rates, but any unexpected loud signals can put pressure on bitcoin and other risk assets,” Ryan Lee, Senior Analyst at Bitget Research, told Cointelegraph.
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