A major whale has opened a $194 million leveraged position, split between Bitcoin and Ethereum longs. This move comes as $BTC trades around $70,000, holding steady after volatility from recent macro shifts. Whales of this scale often position ahead of trends, drawing retail attention.
Current chart setup supports potential upside. BTC faces resistance at $70K-$71K, with firm support at $68K. RSI sits neutral at 55, leaving room for momentum without immediate overbought signals. Volume needs to pick up for conviction, but on-chain data shows steady ETF inflows bolstering the base.
This bet echoes the $748M whale longs from late 2025, which fueled a rally past prior highs. Today's $194M stake adds weight, especially with $ETH mirroring strength above $3K. Key levels: A daily close over $71K eyes $75K next, targeting $76K-$78K on breakout.
Risks remain. Fed rate decisions and global liquidity could cap gains. Support at $68K holds for now, but a drop below $65K flips sentiment bearish.
Traders, monitor $71K close today. Smart money positions, but price action rules.
