Analyst: Bitcoin falls below the level where 250 million leveraged funds entered the market; two whales completed a $130 million increase in their opposing positions
2026-08-11 13:27:31
According to CoinMeta, Bitcoin has recently seen the withdrawal of leveraged funds amounting to $250 million, and two large traders have completed additional positions worth $130 million. Currently, Bitcoin is trading at around $64,034, with a decline of about 1.6% in the past 24 hours. The value of open Bitcoin contracts on HyperLiquid has risen from approximately $2.227 billion to $2.483 billion, an increase of about $256 million, representing a growth of 11.5%. In the past 24 hours, there was a net increase of about $278 million in long positions, a reduction of about $132 million in long positions, a net increase of about $146 million in short positions, and a replenishment of about $141 million in short positions, also resulting in a net increase of about $146 million in shorts. Technically, Bitcoin's volatility has begun to increase; the width of the 1-hour Bollinger Bands has expanded from 0.77% to 2.50%, representing a growth of about 225.6%.
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Source:Internet
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