Three whale wallets opened nearly $149 million in leveraged bitcoin and ether longs as BTC climbed back above $64,000, onchain tracker Lookonchain reported, just a day after Strategy disclosed its $216 million sale.
Key Takeaways
Lookonchain tracked 3 whales opening $148.7M in longs, including a 40x position on 1,000 BTC worth $63.8M. Bitcoin rebounded to $64,312 earlier today after falling to $61,246 on Strategy’s $216 million sale disclosure.Bernstein said BTC’s 54% drawdown remains far milder than the 75%-90% declines of past cycle bottoms.
