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On-chain data reveals an intriguing market showdown: major Bitcoin whales are positioning themselves on opposite sides of the leverage trade.
One whale just made a bold bearish call, going SHORT on 358.85 BTC with 40x leverage after moving $2M USDC to exchange. The play signals serious conviction that Bitcoin faces near-term headwinds.
Meanwhile, another whale isn't backing down—this one's betting big on the upside. A 20x LONG position on 980 BTC, backed by a hefty $15.5M USDC deposit, tells a completely different story. This whale expects Bitcoin to climb.
Two massive bets. Complete disagreement on direction. The question now: which whale reads the market right? These conflicting high-leverage positions highlight the tension currently gripping Bitcoin traders—and suggest the market could face significant volatility ahead.