Analyst: Two whales open $175M in BTC long positions

On-chain analyst EmberCN reported that two different whale addresses have established a total of $175 million in Bitcoin (BTC) long positions. According to EmberCN: - Address '0x50b' opened a long position of 1,654 BTC (approx. $105 million) at an average entry price of $64,130. It is currently at an unrealized loss of about $500,000, with a liquidation price of $59,076. - Address '0x7c4' built a long position of 1,100 BTC (approx. $70.2 million) at an average entry price of $64,508. It is currently showing an unrealized loss of about $750,000, with a liquidation price of $61,723. The analyst noted that both whales entered their large BTC long positions on the same day, suggesting they are betting on a potential rebound.