Bitcoin Whale Rides Market Rebound for $21.1M Profit

A Bitcoin whale has generated $21.1 million in profit from long positions taken during the market drop in July.

The whale opened a total of $80 million in BTC and ETH longs on July 6 at prices of $62,353 for BTC and $1,762 for ETH.

This position has held through the rebound, with BTC currently trading at $77,401.58 and testing upper Bollinger resistance at $78,755.63.

The RSI(14) is overbought territory at 94.43, while the MACD confirms a bullish golden cross at 3,190.56, suggesting a potential retracement towards EMA50 support at $67,496.56 before continuation.