Whale Alert: $148 Million in Leveraged Longs Opened as Bitcoin Reclaims $64K
Crypto whales are making a massive move as Bitcoin climbs back above the critical $64,000 threshold. According to Lookonchain, three major wallets have opened nearly $149 million in leveraged long positions across Bitcoin and Ether, signaling a bullish pivot despite recent market turbulence.
This aggressive accumulation comes directly on the heels of MicroStrategy's disclosure of a $216 million sale involving 3,588 BTC. While many investors were still reeling from the impact of this massive liquidation, big money moved to lean long, effectively betting against the prevailing fear in the market.
Big money is leaning long into the fear. While much of the market was still digesting the first major Bitcoin sale by MicroStrategy, these high-net-worth entities positioned themselves to capitalize on the price recovery, showing significant conviction in the current market direction.
This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.
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