Major cryptocurrency players strategically positioned themselves ahead of Bitcoin's recent price decline, accumulating $234 million in short positions within the $71,650–$72,800 range. This included a significant $142 million short order. As Bitcoin's price fell, these players closed their shorts in two waves: $148 million below $71,300 and $78.61 million below $70,850, each time prompting a price rebound.
Currently, a substantial order exceeding $90 million has been placed approximately 0.75% above the current price, indicating a potential short-term target zone. This activity was tracked using AiCoin PRO's "Major Order Tracking" indicator, which monitors major player accumulation and liquidation levels in real-time.
Major Players Execute $142M BTC Short Amid Price Drop
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