Cryptocurrency market It has started an upward attack again in the last 24 hours, but there are multiple theories as to why. It is precisely in such a moment of uncertainty that a Bitcoin (BTC) whale’s closing a short position of 120 million dollars is one of the strongest among them.
BTC Whale Obtained Insider Information?
Bitcoin whale BTC price tested $43,000 right after it closed its huge $120 million short position. The removal of the massive short position has of course also reduced the selling pressure. The reason for this may be inside information.
Leading cryptocurrency Bitcoin (BTC) It is currently trading at $43,100, up 4.6%. In particular, future daily closings above $43,000 may increase the price to another important threshold, the $45,000 – $46,000 band.
In addition, Terra (LUNA) is known to continue to receive millions of dollars of BTC to support and collateralize its stablecoin, UST. These can create serious buying pressure and volume, as well as create FOMO.
Famous investor Su Zhu’s implicit tweet that this may have been pre-planned after the recent rise actually makes all the pieces fall into place. BTC can try $50,000 in the coming days thanks to all these developments.
The answer to “why pump” is always “preordained,” nothing more nothing less
— Zhu Su 🔺🌕 (@zhusu) March 22, 2022