BTC Whale Add $8.5M USDC To Avoid Liquidation After Margin Loss
Bitcoin don climb pass $117,000 reach new all-time high, e cause plenty liquidations and margin calls. One trader see im $28,000 short vanish under 12 hours, while one big BTC whale wey get $133 million short add $8.5 million USDC within 30 minutes to stop liquidation, even though im get unrealized $11 million loss and $123,691 liquidation threshold. Dis move show how whales dey manage risk during wahala rallies and fit lead to short squeeze. Traders suppose dey watch open interest plus on-chain flows for more signals.
Bullish
Di whale dem throw di $8.5M USDC margin balance for Bitcoin wen e dey on top record high rally show say di bullish momentum strong. As e avoid forced liquidation, e reduce di selling pressure and di chance for short squeeze go increase, wey go support beta upside for short and medium term. Traders fit see dis as sign say demand for Bitcoin price dey strong and e resilient.