<a href="https://cryptoz7.com/84-7-of-2025-crypto-token-launches-are-underwater/” title=”84.7% of 2025 Crypto Token Launches Are Underwater”>Crypto influencer and trader Carl Runefelt, known as “The Moon,” said he sold two Ferraris worth a combined $2.5 million to increase his exposure to Bitcoin(CRYPTO: BTC).
Historically Significant Support Zones
In a podcast on Friday, trader Runefelt argued that Bitcoin is approaching one of its most historically significant support zones.
He pointed to the 200-week moving average, a long-term technical indicator that has previously coincided with major market bottoms.
Runefelt said he views BTC’s current decline as a rare accumulation opportunity.
The average reflects Bitcoin’s average price over approximately four years, broadly aligning with the cryptocurrency’s halving cycle.
Rather than entering his entire position at one price, Runefelt said he places several limit orders throughout the support zone to build an average entry.
Why He Is Avoiding High Leverage
Runefelt cautioned against using significant leverage around long-term technical levels because Bitcoin can briefly fall below widely watched support before reversing.
Sharp declines can trigger stop-loss orders and liquidations positioned beneath the moving average, wiping out leveraged traders immediately before a potential rebound.
Runefelt claimed he currently has more than $2.5 million in Bitcoin positions open on MEXC, in addition to another profitable position on Bybit.
Bitcoin’s History Around The 200-Week Average
Runefelt cited several previous occasions when Bitcoin traded near or below its 200-week moving average before beginning major rallies.
“Historically, each of these touches has marked a bottom right before the next parabolic rally,” he said.
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