Bitcoin (BTC) Hits $100,000, Tone Vays Is Back to Long

Top trader Tone Vays is back to Bitcoin (BTC) long at the current prices. In his latest post on Twitter, he announced a comeback as Bitcoin (BTC) yet again attempts to hold above $100,000.

Wall Street veteran Tone Vays is ready to open long positions on BTC once again. Meanwhile, in a rare pattern, BTC performance in the last 24 hours brought enough pain to bulls and bears.

Bitcoin (BTC) hits $100,000, Tone Vays is back to long

Top trader Tone Vays is back to opening Bitcoin (BTC) longs at current prices. In his latest post on X, he announced a comeback as BTC yet again attempts to hold above $100,000.

Now that the year is over, I am now back to fully Long in Bitcoin as of this afternoon at a price of around 100k! https://t.co/wKQXOyfune

Vays closed all of his Bitcoin (BTC) longs in late November 2024. He doubted that BTC would be able to reach a six-digit value by the end of 2024. Specifically, he wondered if the "Buy The Dip" opportunity under $90,000 was real.

Since his earlier statement, BTC reached $108,000 on Dec. 17 and never touched sub-$90,000 waters again. As reported by U.Today on Dec. 31, $92,500 was the local bottom of the last Bitcoin (BTC) correction.

As covered by U.Today previously, five years ago, Tone Vays masterfully called the $3,200 BTC crash on BitMEX on Black Friday, March 13, 2020, which marked the bottom of the 2018-2020 Crypto Winter.

A former vice president at J.P. Morgan Chase, Tone Vays is also known for being an adamant critic of altcoins, "yield farming," Bitcoin (BTC) forks, Ripple, XRP, ICOs and so on.

$212 million in liquidations hit crypto market, bulls and bears suffer equally

At the same time, Bitcoin (BTC), the largest cryptocurrency, is trying to finally cement its positions above the $100,000 level. In the last 24 hours, its capitalization added 2%. The largest cryptocurrency is trading at $100,547 at press time.

On low time frames, its price formed a textbook example of the "Bart Simpson Pattern." As a result, its price surged from $99,000 to $102,200, but then dropped to $100,500.

Thanks to high trading volume, such fluctuations caused much pain for bulls and bears. Out of $212 million liquidations in crypto, short and long positions comprise $106 million each, which is very rare, as per CoinGlass data.