On-chain $BTC whale long positions experienced significant losses, with the largest unrealized loss reported at 870%. In contrast, short positions became profitable, with take-profit targets set just below 89,000. The dramatic shift in market dynamics has raised concerns among investors about the stability of long positions. Many traders are now reassessing their strategies in light of these developments. The volatility in the market has prompted discussions about potential future trends and the impact on overall investment strategies.
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