BTC/USDT Analysis. Massive Bitcoin Short! What’s Next? On March 16, a whale opened a short position on Bitcoin with a volume of 4,442 BTC using 40x leverage. Naturally, this short attracted the attention of the community, and some traders attempted to trigger the whale's stop-loss. However, their efforts were unsuccessful, and the whale managed to close the position on March 18 with a significant profit.
What’s the takeaway?
Perhaps it's best not to bet against major capital.
Market Analysis
Looking at the chart, it’s clear that this short was closed precisely during Bitcoin’s attempt to break out of its local range, after which a rebound followed, bringing the price back within the same range.
The main scenario for Bitcoin remains largely unchanged. Both wave and cluster analysis suggest a potential decline to the lower boundary from current prices or after a false breakout of the local high and a test of the $85,000–$88,000 sell zone (high-volume area).
However, an alternative scenario is also possible: a strong, high-volume breakout of this zone. If that happens, we will reassess the scenario in favor of long positions.
Sell Zones:
$85,000–$88,000 (high-volume area)
$95,000–$96,700 (accumulated volume)
$97,500–$98,400 (pushing volume)
$107,000–$109,000 (volume anomalies)
Buy Zones:
$77,000–$73,000 (volume anomalies, pushing volume)
