Whales cluster BTC longs and shorts in $78,000–79,000 range
- —184 whale addresses with balances above $1 million concentrated positions in the $78,000–79,000 range
- —Longs: 95 addresses worth $857 million; shorts: 89 addresses worth $889 million
- —The long-to-short ratio is 0.96 to 1, with the market close to balance
- —The procedural vote on the CLARITY Act in the U.S. Senate is scheduled for September 16
Why it matters: The clustering of positions in a narrow range ahead of the CLARITY Act vote raises the risk of a sharp BTC price move whichever way the outcome goes.
Source: TokenPost