Bitcoin Whale closed over half a billion dollars in brief positions, betting on a decrease in the price of bitcoins before a very anticipated meeting of the Federal Committee of the Open Market Committee (FOMC) this week.
A immense cryptographic investor or whale achieved almost $ 10 million profit after closing a 40 -fold brief position for 6210 Bitcoins (BTC) – worth over $ 516 million – which de facto works on a decrease in the price of bitcoins.
Positions of levers operate 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 closed shirt positions. Source: Hippo
An experienced whale closed all its brief positions in a few hours, achieving a profit of $ 9.46 million from a fall of Bitcoin, Hippo The data show.
The whale opened the initial position of USD 368 million at USD 84,043 and faced liquidation if the Bitcoin price exceeded USD 85,592.
The whale managed to make a profit, even though he had to add $ 5 million to his brief, after a publicly formed team of traders began to “hunt” to liquidate his brief position, which eventually failed, he noticed Lookonchainin the post of March 17.
Bitcoin Whale earned $ 9.4 million profit. Source: Hippo
After closing the Bitcoins shorts, the whale began to accumulate Ether (ETH) with profits, purchasing over $ 3,200 for over $ 6.1 million at 7:31 UTC on March 18 Etherscan The data show.
Applying profits appears the day before the upcoming FOMC meeting on March 19, which will offer market participants more tips on the Federal Reserve Monetary Policy path on 2025 and may affect the appetite of investors on risk assets such as Bitcoin.
Related: Bitcoin experiencing “Shakeout”, not the end of the 4-year cycle: Analysts
Bitcoin may see the position in the scale of the concerns related to inflation: Analyst
Inflation related concerns begin to alleviate after the release of the American consumer price indicator (CPI), which revealed a lower escalate by 2.8% year to year compared to the expected 2.9%.
According to Fumihiro Arasawa, co -founder of Xwin Research, alleviating inflation concerns can be a positive sign for the upcoming FOMC meeting.
Lower CPI reading can also be a positive sign for Bitcoin trajectory, CEO told Cointelegraph, adding:
“He suggests that inflationary pressure gradually soothes, which can affect the decisions of the monetary policy of the federal reserve.”
“The short -term Bitcoin action will depend on whether it can have a support level of USD 81,000.
Related: The greatest risk of the cryptographic market in 2025: Recession in the USA, round cryptographic economy
The probability of the Bitcoin target rate. Source: Fedwatch of the CME Group tool
Markets are currently valued in a 99% chance that the FED will maintain interest rates, in accordance with the latest estimates of the Fedwatch of the CME group tool.
“The market largely expects the FED to keep a fixed rate, but all unexpected Jastrzębie signals may exert pressure on Bitcoin and other risk assets,” said Cointelegraph Ryan Lee, the main Bitget Research analyst.
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