细思极恐!Pocket Option出金冻结竟暗藏“自动爆仓”杀机
Bitcoin
Legendary Trader Bollinger Breaks Silence Following Bitcoins Breakout
- No selling pressure
- A whale increases a massive long position
Legendary technical analyst John Bollinger has taken to the X social media network to reveal that Bitcoin is experiencing the breakout that the community was looking for.
Earlier today, the flagship coin rallied to a new all-time high of $113,804, extending its streak of record peaks.
As reported by U.Today, Bollinger commented that the leading cryptocurrency was “setting up for a breakout” when BTC was approaching the hard-to-crack $110,000 level on Monday.
The 75-year-old financial analyst also correctly called several bottoms earlier this year.
No selling pressure
Despite the fact that Bitcoin just hit a fresh all-time high, selling pressure remains extremely low based on exchange flows, which are nearing their lowest level in almost a decade, according to CryptoQuant.
Analytics firm Santiment has also confirmed that traders are now showing “eagerness” to move tokens to exchanges despite Bitcoins impressive price increase.
Hence, based on these observations, the threat of an imminent sell-off remains very low.
A whale increases a massive long position
In the meantime, a mysterious whale has increased his long position to 3,000 BTC. With a risky leverage of 20x, the value of the position currently stands at $340 million.
At current prices, the whale is sitting on a floating profit of $13 million.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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