Huoxing Finance reports that on September 2, Garrett Jin, agent of the "BTC OG Insider Whale," posted that traders should not short BTC during its consolidation phase. Previously, on August 25, Garrett Jin stated that the long-term consolidation has only just begun, and BTC needs sufficient turnover within its current price range before it can potentially rise further.
BTC OG Insider Whales Advise Against Shorting During Consolidation Phase
MarsBitShare
Summary
BTC price remains in a consolidation phase, with BTC dominance indicating mixed market sentiment. On September 2, Garrett Jin, representing the 'BTC OG Insider Whales,' warned traders against shorting during this period. He noted on August 25 that the consolidation had just begun and that more trading at current BTC price levels is needed before a bullish breakout.
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