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Bitcoin Whale Places Record-Breaking $515M Short

A massive Bitcoin whale has upped their short position to $515 million, the largest ever recorded. The market braces for volatility as traders attempt to liquidate the position ahead of the Fed’s rate decision.

What we will talk about today...

Bitcoin Stalls Below $85K—Key Levels Ahead of FOMC

Bitcoin Whale Places Record-Breaking $515M Short

CryptoQuant CEO Warns Bitcoin Bull Cycle Is Over

Bitcoin Stalls Below $85K—Key Levels Ahead of FOMC

Bitcoin struggles to break $85K as traders await the FOMC meeting. Resistance remains strong, with key support levels below. Volatility is expected around the Fed’s interest rate decision.

  • Main Points:

    • BTC faces strong resistance at $85K, failing multiple breakout attempts.

    • FOMC meeting on March 18-19 could trigger major price swings.

    • Interest rates are expected to remain unchanged at 4.25%-4.50%.

    • Spot Bitcoin ETFs saw $274M in inflows, the largest since February.

    • A break above $85K could push BTC toward $90K, while failure may lead to $74K support.

  • Detailed Insights:

    • BTC has struggled to close above $84.6K since March 12.

    • Powell’s speech is key; a hawkish stance could pressure markets.

    • CPI remains above the Fed’s 2% target, reducing chances of immediate cuts.

    • Bitcoin ETFs’ inflows signal renewed institutional demand.

    • BTC must reclaim $86.25K for a confirmed bullish breakout.

    • Key downside levels include $74K, $71.3K, and $69K if selling pressure increases.

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Bitcoin Whale Places Record-Breaking $515M Short

A massive Bitcoin whale has upped their short position to $515 million, the largest ever recorded. The market braces for volatility as traders attempt to liquidate the position ahead of the Fed’s rate decision.

  • Main Points:

    • Whale increased short position from $332M to $515M on Hyperliquid.

    • Unrealized profit currently stands at $6.43M.

    • Bitcoin dipped below $83K, down nearly 1% in 24 hours.

    • $184M in crypto liquidations, with $94.19M from shorts.

    • Fed’s rate decision on March 19 could heighten market volatility.

  • Detailed Insights:

    • The whale’s short has a liquidation price of $85,557.

    • Bitcoin’s low volume signals caution, according to market analysts.

    • Nasdaq-100’s green close didn’t translate to BTC momentum.

    • Experts warn of further declines if buying pressure remains weak.

    • Traders anticipate strong moves around the Fed’s announcement.

₿itcoin reached $81,675. -1.71%

♢Ethereum reached $1,890.  -0.56%

CryptoQuant CEO Warns Bitcoin Bull Cycle Is Over

CryptoQuant’s CEO predicts up to 12 months of bearish or sideways Bitcoin price action, citing on-chain data. However, other analysts remain optimistic, pointing to macroeconomic factors that could drive BTC higher.

  • Main Points:

    • CryptoQuant CEO Ki Young Ju says all on-chain signals are bearish.

    • Bitcoin is down 14.79% in the past month, trading near $83,030.

    • Some analysts cite record-high global M2 money supply as bullish.

    • Bitcoin could hit a new all-time high by late April if historical trends hold.

    • Opinions remain divided on whether BTC’s bull run is truly over.

  • Detailed Insights:

    • Ju warns fresh liquidity is drying up, with whales selling at lower prices.

    • Swyftx analyst argues global economic indicators remain strong.

    • CoinRoutes CEO sees Bitcoin hitting a new ATH within a month.

    • Historical trends suggest BTC should be around $250K, per Alan Knitowski.

    • Swan Bitcoin CEO sees a 50% chance of new highs before June.

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This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results