Big jump and new record high in Bitcoin hedge fund net shorts #BTC
Assuming these big boy entities hedge short in Futures and buy much ETF spot at the same time. At some point shorts will be closed then price will rip later.
HTX & Bybit Whales have opened massive longs at this zone.
Last time they did similar action was at Dec 22 & Aug 23. Note that the effect of this movement takes time and aims for big waves.
- Roaring Kitty GME Position Down $235M today
- Crypto Alts market suffered ~$300M Liquidation at the same time.
450,000 people are waiting for roaring kitty livestream
https://www.youtube.com/live/U1prSyyIco0?si=uDm9IDLLCo9adUdb
🚨 JUST IN: Roaring Kitty Breaks Silence on Reddit After 3-Year Hiatus!
💰Holds $65M in $GME calls at $20 strike, expiring in 18 days.
📈 Also owns $115M in shares, totaling $180M.
🚀 PLUS, $GME stock is up 80% pre-market, meaning he’s currently up $270M, pushing his portfolio near $500M!
Are we about to see the first meme billionaire?! 🤯
Projects with Billions marketcap at previous season are delisted now 🥹
https://www.binance.com/en/support/announcement/binance-will-delist-omg-waves-wnxm-xem-on-2024-06-17-f65faeeefe07417a8b6dd2900ba8da7e?hl=en
Study Giga Pumps in Crypto History
SOL 2021 - FET 2024 - ETH 2017.
There are few stages:
1 - Massive triangle consolidating for months.
2 - Breakout
3 - Wave 1 ( up 30-40%)
4 - Consolidation for few days.
5 - Banana zone - Giga pump 200%
Now pick your banana coins in this season
High on-chain activity and #Bitcoin accumulation despite low volatility mirror 2020 trends.
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