$175 million long position? This whale is here to hand out cash
BTC 63,030
$175 million? Long position? 61,000 stop loss?
This isn't a whale; it's a moving ATM.
What's the trend right now? Bearish trend. Dropped from 65,500 to 63,000, leaving a trail of long liquidations. Opening a $175 million long position now is like riding a bike in front of a bus.
If he had any smarts, he wouldn't go long at 63,000. He'd wait to scoop at 62,000. Why isn't he waiting? Because he's panicking. He thinks it's the bottom. If 62,000 breaks, he won't even get a chance to stop out.
Opening a $175 million long is like standing on a mountaintop and shouting at the bears: "Come at me!"
Can the bears resist taking a shot at him?
My stance is clear: that $175 million isn't the bottom; it's cannon fodder. There are another $200 million, $300 million in longs waiting to get eaten.
Once 62,000 breaks, this $175 million will blow, $BTC $TSLAB #SpaceX股价盘前跌4.6% #Vimeo母公司拟16.2亿美元IPO
BTC 63,030
$175 million? Long position? 61,000 stop loss?
This isn't a whale; it's a moving ATM.
What's the trend right now? Bearish trend. Dropped from 65,500 to 63,000, leaving a trail of long liquidations. Opening a $175 million long position now is like riding a bike in front of a bus.
If he had any smarts, he wouldn't go long at 63,000. He'd wait to scoop at 62,000. Why isn't he waiting? Because he's panicking. He thinks it's the bottom. If 62,000 breaks, he won't even get a chance to stop out.
Opening a $175 million long is like standing on a mountaintop and shouting at the bears: "Come at me!"
Can the bears resist taking a shot at him?
My stance is clear: that $175 million isn't the bottom; it's cannon fodder. There are another $200 million, $300 million in longs waiting to get eaten.
Once 62,000 breaks, this $175 million will blow, $BTC $TSLAB #SpaceX股价盘前跌4.6% #Vimeo母公司拟16.2亿美元IPO