Data in the derivatives market shows that Bitcoin (BTC) whales continue to short sell.
According to information provided by derivatives analyst #Greeks.live, a total of $20 million worth of Bitcoin transactions were recently made with the butterfly strategy.
In the newly opened position, it is predicted that the Bitcoin price will experience a small decline before March 29. The investor's maximum profit point will be 47 thousand dollars.
It was stated that there would be no loss below 49 thousand 800 dollars in the position, where the investor's implied or implied volatility expectation can be seen, but a loss may occur if it falls below 44 thousand dollars.
