Source: Keith Alan/XPopular trader Crypto Tony held a similar view, suggesting that even another $4,000 drop from current levels by the weekly close would be acceptable.$BTC / $USD - Update A close above $108,000 this week would be perfect, but a close above $104,000 is equally as ok as we clear the resistance zone pic.twitter.com/f1jYRouinj— Crypto Tony (@CryptoTony__) May 25, 2025Fellow trader Merlijn eyed a classic short-term BTC price magnet in the form of a new “gap” on CME Group’s Bitcoin futures.“$BTC just left a fresh CME Gap at $107,230,” he showed on the day. “These gaps don’t stay open for long.
Alan nonetheless had good news for Bitcoin bulls, arguing that price had more room to retest support without extinguishing the broader uptrend.“The MACRO trend line and 2 key Moving Averages on the Bitcoin Daily chart currently have confluence with the Yearly Open,” he noted, referring to the BTC/USD 2025 opening level at around $93,500. “As long as BTC is trading above that zone, the Bull trend is still intact.”BTC/USD 1-day chart.
He opened a $BTC short position of 1,038.7 $BTC($111.8M) at $107,711.1 an hour ago, with a liquidation price of $149,100.pic.twitter.com/uLypq5kLTj— Lookonchain (@lookonchain) May 25, 2025“That's a lot of trading for an illiquid choppy weekend,” trader Daan Crypto Trades wrote while reacting to the switch on X. This article does not contain investment advice or recommendations.
or
Share This Story
Article Details
Author / Journalist: Cointelegraph by William Suberg
The story "Bitcoin trader swaps $1.25B long for short as BTC price slides under $108K" has 519 words across 19 sentences, which will take approximately 3 - 5 minutes for the average person to read.
Which news outlet covered this story?
The story "Bitcoin trader swaps $1.25B long for short as BTC price slides under $108K" was covered 13 hours ago by Coin Telegraph, a news publisher based in United States.
How trustworthy is 'Coin Telegraph' news outlet?
Coin Telegraph is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.
The outlet is headquartered in United States and publishes an average of 9 news stories per day.
It's most recent story was published 8 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
