A Bitcoin whale has made an unrealized profit of over $7.5 million by shorting Bitcoin at the right time and closing the position near the bottom. The trader then re-entered at a favorable price as Bitcoin rebounded due to Trump's executive order. The whale has now placed additional short positions and set limit orders to take profits within a specific range, indicating confidence in another Bitcoin correction. The trader's strategy aligns with Bitcoin's cyclical nature, suggesting a belief in another downturn before the next price increase. On-chain data shows a surge in accumulator address demand, indicating an increasing interest from long-term holders and potential volatility in the market.



Other News from Today