- Reputed analyst reveals his latest buy orders on BTC.
- He began with opening a long trade at $110,000.
- Expecting new ATH at $140,000 and $150,000, he will likely add more long positions.
With the price of Bitcoin (BTC) trading around the $110,000 price range since the $20 billion liquidation event, most analysts see this as a small miracle. This move shows strength and support for Bitcoin , given that the asset has not fallen below 6-digit prices so far. While analysts debate between bullish vs bearish moves ahead, one reputed analyst reveals his latest buy orders on BTC, starting with opening longs at $110,500.
Reputed Analyst Reveals His Latest Buy Orders on BTC
Traders and analysts try to firmly place their feet back on the ground again, especially after the $20 billion liquidation event. Presently, several reputed analysts are debating over what will come next for the crypto market. At the moment, many expectations come to light, warring between bullish and bearish sentiments . Amidst the confusion, one analyst leads by example and shares his current trade orders.
As we can see from the post above, this reputed crypto analyst reveals that he has closed hedges and opened longs at $110,500. He then recaps how he hedged at $120,000 on Friday before the crash, closed hedges at $102,000 within the scam wick and took profits on the long at $115,000 just to hedge again. Now, he reveals that he has reopened his long exposure and closed the hedge.
Next, he talks about what he is looking forward to seeing, despite the market being extremely difficult to decode in the shortest time frames. He states that the market has never been so rigged as it is at the moment, which makes it a struggle to understand what’s coming next. At the moment, the on-chain data paired with the constantly changing narratives is what has brought him so far.
Since the liquidation event, it seems like clarity is starting to seep back into the market, according to this analyst. He believes what is coming for the short term is clear, and this is why he is now accumulating longs in the $107,000 to $110,000 price range, and why he expects to see targets of $140,000 – $150,000 BTC ATH prices next. Presently, his latest long position is set at $110,500.
He opens Longs at $110,000 Bitcoin Price
Finally, he states that there are several bullish on-chain indicators appearing in the last few hours, such as billions of USDT and USDC being printed and being sent straight into platforms like Binance. Additionally, Wintermute is also sending tens of millions in USDC and USDT. In conclusion, the analyst says that all of this liquidity will soon be injected into the crypto market, and most likely represents a rotation of capital from stocks into crypto.
