Bitcoin Whale bet on hundreds of millions of dollars on a low -term decrease in Bitcoin price before a key week completed with key economic reports that can significantly affect his trajectory and appetite for the risk of investors.

A gigantic cryptographic investor or a whale has opened a low position 40x for over 4442 Bitcoins (BTC) – over $ 368 million – which is de facto a Bitcoin plant drop.

Positions of levers utilize borrowed money to escalate the size of the investment, which can escalate the amount of profits and losses, making risky trade in lever compared to regular investment items.

Bitcoin Whale has opened $ 368 million to USD 84,043 and is in the face of liquidation if the Bitcoin price exceeds USD 85,592.

The investor generated over $ 2 million of unrealized profit, but it has over USD 200,000 on fees for financing his position, Hippo The data show.

Despite the increased risk of lever trading, some cryptocurrency investors achieve significant profits thanks to this strategy. Earlier in March an experienced trader gained $ 68 million for a low position with a 50 -fold power, banking at an 11% decrease in the price of Ether (ETH).

The sound plant is ahead of a week of many significant macroeconomic publications, including the upcoming Federal Meeting of the Open Rynek Committee (FOMC) on March 19, which can affect investors’ appetite on risk assets such as Bitcoin.

Related: Another Bitcoin catalyst: End of USD 36 in the USA ceiling suspension

Bitcoin needs over $ 81,000 a week to avoid minus

The price of bitcoins still risk a significant variability of defects due to the growing macroeconomic uncertainty regarding global trading tariffs.

To avoid the minimum variability before the FOMC meeting, Bitcoin will need a weekly close to $ 81,000, according to Ryan Lee, the main Bitget Research analyst,

The analyst told Cointelegraph:

“The key level for observing the weekly closing is the range of USD 81,000, which lasts above, which would mean immunity, but if we see a decrease below 76,000 USD, it could invite more short -term sales pressure.”

Related: Bitcoin experiencing “Shakeout”, not the end of the 4-year cycle: Analysts

Analytic comments come a few days before the next FOMC meeting scheduled for March 19. Markets are currently valued in a 98% chance that the FED will maintain a fixed interest rate, in accordance with the latest Fedwatch estimates of the CME Fedwatch group tool.

“The market largely expects the Fed to keep constant rates, but all unexpected Jastrzębie signals can exert pressure on Bitcoin and other risk resources,” added the analyst.

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