Huoxing Finance reports, according to on-chain analyst Yujin’s monitoring, over the past few days, four wallets collectively shorted approximately $340 million worth of Bitcoin near $64,000, as follows: 1. One address shorted 1,792 BTC, valued at $114 million, with an entry price of $63,999; 2. One address shorted 1,576 BTC, valued at $100 million, with an entry price of $64,038; 3. One address shorted 1,200 BTC, valued at $76,450,000, with an entry price of $64,418; 4. One address shorted 806 BTC, valued at $51,350,000, with an entry price of $64,398.
$340 million in Bitcoin short positions opened near $64,000 by four wallets
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Summary
Price action near $64,000 reveals that four wallets opened $340 million in Bitcoin short positions. One shorted 1,792 BTC ($114 million) at $63,999. Another shorted 1,576 BTC ($100 million) at $64,038. A third shorted 1,200 BTC ($76.45 million) at $64,418. The last shorted 806 BTC ($51.35 million) at $64,398. Value investing in crypto remains a key strategy amid shifting market conditions.
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