According to Trader Tardigrade, Bitcoin is witnessing a potential breakout as the inverse Head and Shoulders pattern reaches a decisive point. This technical analysis suggests a bullish trend for $BTC, indicating a strong opportunity for traders to capitalize on potential gains. The pattern, often a precursor to upward price movements, is drawing attention from traders eager to optimize their portfolios. [Source: Twitter/TATrader_Alan]

According to Trader Tardigrade, the Bitcoin H4 chart is currently displaying two Double Bottom patterns—one has already broken out, while the other is still forming. Additionally, a Golden Cross is occurring as the 50 SMA crosses above the 200 SMA, indicating a potential bullish trend for BTC. These technical indicators suggest a strong buying signal for traders and investors considering Bitcoin's future price movement.

According to @doctortraderr, a strategic short position on Bitcoin (BTC) has been initiated at the entry price of $84,843 with a leverage of 10X. The trade involves a margin of $25, representing 11% of the total position, and targets a price level of $78,700. This setup suggests a bearish outlook, aiming for a significant price drop. Traders should monitor market conditions closely as the high leverage increases risk, potentially leading to rapid changes in position value.

According to Greeks.live, the largest options block trade today involved a Bitcoin Bear Ratio Diagonal Spread. The trade consisted of selling 1,024BTC in current month flat calls while buying 512BTC in next month vanilla calls, with a total notional value of $130 million. This strategic move suggests expectations of moderate Bitcoin price movements, leveraging the spread to potentially capitalize on volatility shifts. Such trades indicate a sophisticated market participant aiming to balance risk and reward through calendar spreads, which could influence traders' strategies in the coming weeks.

According to Lookonchain, a wallet that has been inactive for two years has just withdrawn 100 BTC, valued at approximately $8.33 million, from Binance. This movement could signal potential market activity and underscores the importance of monitoring dormant wallets for trading opportunities. Such large withdrawals can impact Bitcoin's liquidity and price volatility, making it crucial for traders to stay informed about similar transactions.

According to @GreeksLive, Deribit's block trading platform has completed a volume of $110 million over the past week, saving $128,000 in slippage costs. The platform now offers a new aggregate RFQ feature, enhancing multi-account management by allowing unified trade execution across accounts. For instance, 480 BTC were traded using 7 accounts, and 5,278 ETH were traded using 5 accounts, demonstrating the efficiency and cost-effectiveness of the new system.

According to @EmberCN, trader @qwatio made a significant profit by trading BTC around the Fed rate decision announcement. Starting with $690,000 USDC, @qwatio executed a series of trades, including shorting 326 BTC at $84,566, and managed to turn the initial amount into $1.826 million USDC, achieving a 164% profit within three hours.

According to Greeks.live, fund managers managing multiple Separately Managed Accounts (SMAs) face challenges with inconsistent execution prices and timing. They propose a solution using Aggregated Request for Quote (RFQ), exemplified by 7 accounts trading 480 BTC collectively, aiming to streamline execution across client portfolios.

According to Justin Sun's tweet, Wrapped Bitcoin (WBTC) is presented as the preferred choice for Bitcoin representation, suggesting potential shifts in BTC trading strategies and liquidity management.