A businessman in decentralized derivatives exchange hyperliquid Make up a $ 100 million account in MayAfter Bitcoin
fell 4% from Monday of Monday.
The businessman, known as Aguilatrades In X, entered a long Bitcoin position at $ 106,000, and took a high $ 108,800 of Monday before the largest cryptocurrency leaked to trade recently around $ 104,000.
Bitcoin’s volatility has been relatively low for months, with a price of between $ 100,000 support levels and record highs around $ 110,000. That is not disturbing to derivatives entrepreneurs, who have continued to bet reversed with action, subsequently getting chopped into a tight range.
This is not the first time the Aguilatrades has recorded a trading loss at these levels. Last week they reached $ 5.8 million in a BTC before losing $ 12.5 million, according to Lookonchain.
In paper the trade has credentials because the BTC has managed to stay above $ 100,000 despite rising conflicts in the Middle East, which is usually a catalyst for downside to the risk of possession.
However, the remaining agnostic in price action in this range and simply buying support and resistance sale will produce greater results. Bitcoin has been trading this range since May 9 with many attempts at destroying support and resistance along the way.
