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View: Bitcoin Approaching Key Resistance Level, Still at Risk of Dropping Below $50,000

BlockBeats News, August 20th, Cryptocurrency analyst @honey_xbt posted that Bitcoin is about to face a key resistance at the daily 200-day EMA moving average. Previously, Bitcoin was suppressed by this moving average and fell back at $82,000.

@honey_xbt believes that if Bitcoin falls under pressure this time, it may usher in the final stage of a downtrend, dropping below $50,000.

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On-Chain Activity

15min ago

The third-largest long position on Hyperliquid in HYPE is currently showing an unrealized gain of $14.58 million, with no further actions taken after leveraging up 10 times at a lower price point.

23min ago

A whale has withdrawn 98,490 HYPE tokens from Coinbase Prime in the past two weeks, equivalent to $6.11 million.

47min ago

Without getting carried away, the "buddy" is continuing to reduce its HYPE long position.

1h ago

「HYPE Listing Insider Whale」 Holds Long Position for 10 Months, Unrealized Gain of Over $44 million, Funding Fee Paid: $4.71 million

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The third-largest long position on Hyperliquid in HYPE is currently showing an unrealized gain of $14.58 million, with no further actions taken after leveraging up 10 times at a lower price point.

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