Bitcoin ($BTC ) Update: Consolidation Phase Continues Below Major Resistance
📉 Market Snapshot Bitcoin is currently trading around $88,816, up roughly 1.5%, but overall price action remains cautious. After failing to hold momentum earlier in 2026, $BTC continues to struggle beneath the major resistance band between $95K and $100K. This has kept the market in a corrective phase, with buyers and sellers still battling for control. From a technical perspective, BTC has been spending significant time below key moving averages, suggesting ongoing consolidation and the possibility of additional downside if critical support levels give way. 📊 Important Levels to Monitor Support: The $85K–$88K zone is a key demand area. A strong hold here is essential to avoid a deeper pullback. Resistance: The $95K–$100K range remains the major hurdle. A clean reclaim would significantly improve bullish sentiment. 📈 Trend Outlook & Expectations Despite short-term weakness, many analysts remain optimistic over the medium to long term. Factors such as institutional participation and ETF-related demand continue to support the broader bullish thesis, with higher price targets still on the table later in the year. That said, technical structures and prediction markets currently suggest a low probability of an immediate move back above six figures. Range-bound trading appears more likely until the market finds a clear catalyst for a breakout. 📌 Bottom Line Short term: BTC is consolidating, with downside risk present if support fails. Medium term: A breakout above $95K+ could reignite bullish momentum. Long term: Institutional adoption and macro drivers may continue to support growth once volatility settles. This content is for market discussion only and not financial advice. #USIranStandoff #StrategyBTCPurchase #TSLALinkedPerpsOnBinance
Not gonna sugarcoat it — the charts have been brutal. This trader’s account has been under pressure for over a week, and the PnL has now dropped to its weakest level since October 2025. At the moment, the entire book is essentially one giant long position. No hedges, no shorts — just full long exposure. In total, there’s roughly $794.5M deployed across perpetual contracts, and the pain is showing. Unrealized losses are hovering around $73–74M, though things looked even worse earlier when $BTC wicked toward $86K and ETH dipped near $2,787, briefly pushing losses close to $90M. Position breakdown: $ETH (5x cross long) This is the heavyweight. About $644M in size, holding over 223K ETH at an average entry near $3,161.85. With price well below entry, this leg alone is down more than $62M. Liquidation is still distant though — roughly $2,187, backed by a hefty $128.8M margin buffer. BTC (5x cross long) Around $87.8M total exposure, entered near $91,506. Current price action leaves this position about $3.65M underwater. Margin here sits near $17.6M, so no immediate liquidation risk. $SOL (10x cross long) The high-octane play. Roughly $62.6M, entry around $130.19, now trading closer to $122. That’s another ~$4M unrealized loss stacked on top. Altogether, unrealized PnL across all perps comes in around -$69.7M, with ROE sitting near -45%. Ugly numbers — but structurally, the account remains stable. The most telling move came about 12 hours ago. After being inactive for roughly 45 days, this whale quietly added $20M USDC more in margin. So yeah — the drawdown is real. Liquidation? Not even close to the radar… for now. Wallet: 0xb317d2bc2d3d2df5fa441b5bae0ab9d8b07283ae Let’s see how long the conviction — and patience — holds. 👀