$3 billion short order sitting at $60,800—BTC's breakout attempt got forcefully suppressed! Early this morning, BTC was gearing up to break $61,000 when a massive short order suddenly appeared on Binance: 4,976.69 BTC, with a position value of $303 million, and an entry price of $60,800. The order stayed on the books for 41 minutes. (PS: As of now, this short position has already racked up an unrealized profit of about $3.4 million~) This isn’t your average selling pressure. Right after this order showed up, BTC was pinned near $60,800 for nearly 30 minutes. It tried to push higher several times but couldn’t hold its ground. Later, aggressive buying resumed, and the price managed to touch a high of $61,322. But in the end, it formed a long upper shadow shooting star and pulled back. This shows that the bulls *did* try to break through, but as soon as they pushed higher, someone up there was ready to absorb all the buying with real money. The $60,800 zone is no longer just a regular resistance level. - If BTC can later break above $61,300–$61,500 with strong volume, this short position might turn into fuel for the rally. - But if the price keeps getting pushed back below $60,800, then that long upper shadow from early this morning could very well signal a failed breakout attempt by the bulls. That said, this $3 billion mega short… doesn’t it kinda feel like something Target Bro would pull?