Whales are aggressively shorting Bitcoin right now, but they are trapped deep in the red.
$BTC The data shows 404 whale entities holding $2.31B in short positions, yet 88% of them are currently unprofitable with an average entry of $75,783. With BTC trading around $74,240, these massive short positions are heavily underwater, building an explosive setup for a short squeeze.
If BTC breaks and holds above $75,800, we will likely see an aggressive cascading liquidation event that forces these whales to buy back, sending the market into a parabolic run. However, if sellers manage to force a breakdown below $73,500, expect a fast retracement toward the next major liquidity pool at $71,200.
My Execution Plan:
- Entry Idea: Long on a confirmed daily close above $75,800 or a retest of $73,600
- Take Profit: $79,500
- Stop Loss: $72,400
- Invalidation: A sustained hourly break below $71,800
#BTC #CryptoAnalysis #WhaleAlert
#BitcoinSqueeze