Bitcoin

Bitcoin trader swaps $1.25B long for short as BTC price slides under $108K

Key points:

  • Bitcoin moves away from its last peaks of all time while the American commercial prices dictate the mood.

  • The merchants are not imperturbable, arguing that the action of BTC prices can retain even lower levels while maintaining its bull race.

  • The hyperliquid merchant James Wynn short BTC after closing a value of $ 1.25 billion.

Bitcoin (BTC) failed to maintain $ 108,000 in the weekly closure of May 25, because prices’ action had trouble shaking new American trade problems.

Bitcoin price, markets, market analysis
BTC / USD 1 hour. Source: Cointelegraph / TradingView

Trump “Hot Air” blamed while Bitcoin interrupts the discovery of the prices

Cointelegraph Markets Pro and TradingView data have shown that BTC / USD remained near several days.

After SNAP losses accompanied the comments of US President Donald Trump, more than 50% of EU goods, Crypto immediately felt the heat and $ 112,000 remained the last Bitcoin record.

Other episodes, this time involving goods from specific technology giants, continued the impact, which led the participants to the market to complain about Trump taking on volatility.

Source: Social truth

“More hot air of the chief manipulator,” wrote Keith Alan, co-founder of Trading Resource Material Indicators, wrote in part of an answer on X.

Alan nevertheless had good news for Bitcoin bulls, arguing that Price had more room to relate support without extinguishing the wider rise.

“The macro trend line and key mobile averages on the Bitcoin Daily graph currently confluence with the annual open,” he noted, referring to the opening level of the BTC / USD 2025 to around $ 93,500.

“As long as BTC is negotiated above this area, the Taurus trend is still intact.”

BTC / USD 1 day. Source: Keith Alan / X

The popular cryptocurrency Tony had a similar opinion, suggesting that even another $ 4,000 drop from current levels by the weekly fence would be acceptable.

The merlijn merchant looked at a classic short -term BTC price magnet in the form of a new “gap” on the future Bitcoin of the CME group.

“$ BTC has just left a fresh CME space at $ 107,230,” he said.

“These shortcomings do not remain open long. Expect the price to come back and fill it. Eyes on this level. “

BTC / USD 1 hour. Source: Merlijn the trader / x

The commercial giant of the BTC Wynn Flips Court

In a decision that quickly caught the attention of market observers, on the other hand, a large volume trader suddenly overthrew BTC this weekend.

In relation: Bitcoin ‘looks exhausted’ because the following works market gives a target of $ 69,000

As Cintelelegraph reported, the hyperliquid merchant James Wynn had previously opened a position of $ 125 billion, but began to lose money for the volatility of Trump.

As noted by the Lookonchain research firm, not only had closed its long but replaced it with a new short -term position worth around $ 110 million.

“It is a lot of negotiation for an illite spectrumy weekend,” wrote Trader Daan Crypto Trades while reacting to the change of X.

This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.