Smart Money dey short BTC, comot from ETH and WBTC with $1.09M profit
After di Terra (LUNA) and UST crash, on-chain analysts dem observe big smart money move: BTC shorting wey bring like $5.16 million. Analyst Ai (@ai_9684xtpa) talk say dis investor just sell 1,363 ETH and 30 WBTC—around $9.79 million assets—and make $1.093 million profit. Dis one come after dem do bottom-fishing trades before wey make $7.293 million from BTC and WBTC plus $4.907 million from ETH. Dis smart money BTC shorting strategy for di LUNA/UST crash show say institutional players dey move quick for volatile market. Traders suppose dey watch similar on-chain signals to guide short-term trade moves and sabi wetin market fit do as DeFi wahala still dey ground.
Neutral
Dis news na dey show the profit wey one smart money trader take grab, e no be say na general market trend. Even though say di BTC short and ETH/WBTC sell-offs just dey show how institutional people sharp, na opportunistic trade bos dem around the LUNA/UST crash dem be. Dis kain move fit cause small selling pressure on ETH and WBTC price, but e no mean say market feeling don change completely. For history, similar wahala wey one whale cause for di Terra palava wey happen for 2022, e just cause short-term market wahala, e no change the long-term movement of main cryptocurrencies. Traders suppose see dis as neutral signal: e give beta on-chain info wey fit help for possible arbitrage and hedging, but e no strong reach to push strong bullish or bearish trend for the whole market.