THIS Whale Goes 40X Long on BTC with $200M Position!

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On-chain metrics hint at whale accumulation as Bitcoin’s Bullish momentum strengthens.

A recent observation of large Bitcoin transactions has revealed heightened investor conviction in BTC’s bullish momentum. As of this writing, BTC was trading at $84,717, a 10.6% surge in the past 7 days, per CoinMarketCap. Following the Trump administration’s sentiment on Bitcoin and its potential reserves, many institutional and large investors signal confidence in BTC’s long-term uptrend.

A recent post by CryptoGoos on X (formerly Twitter) has revealed a mysterious whale’s transaction. According to the on-chain data, the whale went on a 40X long position on BTC with approximately $200 million.

Bitcoin’s Relative Strength Index(RSI) stands at 51, suggesting more room for buying. With the MACD(12,26), short-term and mid-term moving averages flashing a strong “buy”, BTC could hit $85K in the next few days as the bulls grow stronger.

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Denis Mwirigi

Denis is an experienced blockchain enthusiast and researcher. He is passionate about the opportunities and possibilities afforded by the advancement of this new technology. With a background in engineering, he blends technical expertise with a deep interest in foreign exchange, financial journalism, and technological trends.

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