Prominent Bitcoin Trader Closes Longs, Anticipates Pullback To $83,500
Posted On March 20, 2025
Bitcoin (CRYPTO: BTC) traders are taking profit on the rally to $87,000, expecting a pullback before more possible upside.
What Happened: Pseudonymous crypto trader Astronomer has closed a significant Bitcoin long position at $87,000, booking substantial profits after riding the position “all the way from rock bottom.”
In an X post on Thursday, the trader noted they had targeted the $87,000 level for “a long time” and executed the position despite widespread market skepticism. “Knife catching is hard,” Astronomer wrote, before countering, …
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