A large Bitcoin investor recently placed a big bet against Bitcoin's price going up. This happened before a key meeting by the Federal Reserve, which could affect markets. This situation highlights the risks and rewards of leveraged trading in crypto.
- A whale placed a $368 million short bet on Bitcoin.
- The bet could fail if Bitcoin goes above $85,592.
- The Federal Reserve's decision might influence Bitcoin's price.
- Maintaining above $81,000 is crucial for Bitcoin's price.
| Fact | Details |
|---|---|
| Short bet size | $368 million |
| Bitcoin price at bet initiation | $84,043 |
| Liquidation price | $85,592 |
| Key support level | $81,000 |
| Potential downside trigger | Below $76,000 |
