Wall Street veteran and renowned trader Tone Vays has started taking long positions in Bitcoin again as the cryptocurrency rises to the $100,000 mark.
Tone Vays Believes in Bitcoin's Growth
Tone Vays has announced his return to long positions in Bitcoin as the cryptocurrency attempts once again to hold above the $100,000 threshold. Previously, Vays had exited all his long positions due to skepticism about Bitcoin reaching this price before the end of 2024.
Positions in the Crypto Market
Bitcoin reached $108,000 in mid-December, but lower levels were not recorded thereafter. As reported by U.Today, this is not the first time Tone Vays has successfully predicted significant changes in the Bitcoin market.
Crypto Market: Reaction and Consequences
In the past 24 hours, the cryptocurrency market experienced $212 million in position liquidations. The significant trading volume caused volatility, affecting traders betting both on the price rise and fall. According to CoinGlass, the volume of liquidated short and long positions was $106 million each.
Bitcoin's rise to the $100,000 mark has opened new opportunities for traders, while significant market fluctuations create risk for those willing to take the chance. Noted trader Tone Vays brings renewed interest to Bitcoin by reopening long positions.
