Analyst: Bitcoin RSI enters extremely oversold zone

- Bitcoin's price swings between bearish and bullish signals, with analysts divided on its recovery from a seven-month low. - Technical indicators and historical patterns suggest a potential reversal, as Bitcoin tests key support levels and retail pessimism precedes past rebounds. - Historical parallels to 2019 and anticipated quantitative easing fuel optimism, though macroeconomic uncertainties and recent liquidations pose risks. - Experts caution against volatility, noting mixed market reactions and the

Quick Take Summary is AI generated, newsroom reviewed. The "Anti-CZ Whale" lost $61 million in profit in 10 days, suffering losses on aggressive long positions in ETH and XRP. The whale's overall realized and unrealized profit dropped from $100 million to $38.4 million. One of the whale's accounts is running 12.22x leverage on a $255 million long exposure, with alarmingly thin 95.40% margin usage. The reversal highlights the high risk and volatility in perpetual futures trading, even for successful contrar