Bitcoin to $74K? Hyperliquid whale opens new 1,240 BTC short
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Bitcoin's rising wedge pattern indicates a potential drop to $74,000 if it fails to hold above the $110,000 support level. A Hyperliquid whale has placed a $140 million short bet on BTC, reflecting growing bearish sentiment. Analysts suggest that Bitcoin's bull run may be nearing its end, with a possible 34% decline ahead. The market is seeing increased short exposure from whales, and technical indicators point to a significant correction if the current trend continues. Investors are advised to conduct their own research before making decisions.
Source: Cointelegraph The copyright of this article belongs to the original author/organization.
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