Bitcoin Whale Bets $368M on BTC Decline with 40x leverage ahead of FOMC

Bitcoin Whale Bets Hundreds of Millions on Bitcoin Short-Term Decline Ahead of Week of Key Economic Reports that could significantly affect Bitcoin Price and Risk Attitude among Investors

The whale is a large cryptocurrency investor who has taken a leveraged position of 40x for more than 4,442 Bitcoin.BTC(worth over $368 millions) which acts as a bet de facto on Bitcoin’s fall.

Leveraged positions use The size of the investment can be increased by borrowing funds. Both gains and losses are magnified, so leveraged trades carry a higher risk than regular investments.

Bitcoin Whale: The Bitcoin Whale opened a $368-million position with an opening price of $84,043 but will liquidate if Bitcoin’s value exceeds $85,592.

He has generated more than $2 million of unrealized profits, but he also has a loss of over $200,000. Hypurrscan The data show.

Even though leveraged trades are riskier, many crypto investors make significant gains with this method. In March of this year, an experienced trader was able to make a significant profit. $68 million on a 50x leveraged short positionEther is a cryptocurrency that can be used to make a profit.ETH) 11% price decline.

This leveraged bet is made ahead of an important week for macroeconomic data, which includes the Federal Open Market Committee’s (FOMC) upcoming meeting on March 19. The FOMC may affect investor appetite. risk assets such as Bitcoin.

Related: Bitcoin’s next catalyst: End of $36T US debt ceiling suspension

Analysts: Bitcoin must close weekly above $81,000 to prevent pre-FOMC decline.

Bitcoin’s price is still subject to significant volatility, due to the growing uncertainty surrounding global trade tariffs.

Ryan Lee, Chief Analyst at Bitget Research says that to avoid volatility before the FOMC Meeting, Bitcoin must close weekly above $81,000.

Cointelegraph quoted the analyst:

“The key level to watch for the weekly close is $81,000 range, holding above that would signal resilience, but if we see a drop below $76,000, it could invite more short-term selling pressure.”

Related: Bitcoin experiencing ‘shakeout,’ not end of 4-year cycle: Analysts

Analysts’ comments are made just days before the March 19th FOMC meeting. The CME Group’s FedWatch estimates that markets currently price in a 98% probability of the Fed keeping interest rates the same. tool.

“The market largely expects the Fed to hold rates steady, but any unexpected hawkish signals could put pressure on Bitcoin and other risk assets,” Add the Analyst

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