A trader known as “Cool-headed Whale” has shifted from a short position to a long position in cryptocurrencies, specifically $BTC and $ETH, amounting to about $64 million. This decision follows a profitable strategy adjustment in the market. By taking profit on a previous short position, the trader has opted to invest significantly in these digital assets. The long position reflects a bullish outlook on the cryptocurrency market. The trader’s actions demonstrate confidence in the potential growth of Bitcoin and Ethereum, as they position themselves for favorable market movements.
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