coin-img-BREVBREV-22.91%coin-img-LIGHTERLIGHTER-1.68%coin-img-PEPEPEPE-1.36%coin-img-HYPEHYPE-3.55%coin-img-UNIUNI-4.62%coin-img-ETHETH-3.06%coin-img-BTCBTC-1.86%coin-img-UCNUCN+0.24%coin-img-BREVBREV-22.91%coin-img-LIGHTERLIGHTER-1.68%coin-img-PEPEPEPE-1.36%coin-img-HYPEHYPE-3.55%coin-img-UNIUNI-4.62%coin-img-ETHETH-3.06%coin-img-BTCBTC-1.86%coin-img-UCNUCN+0.24%coin-img-BREVBREV-22.91%coin-img-LIGHTERLIGHTER-1.68%coin-img-PEPEPEPE-1.36%coin-img-HYPEHYPE-3.55%coin-img-UNIUNI-4.62%coin-img-ETHETH-3.06%coin-img-BTCBTC-1.86%coin-img-UCNUCN+0.24%coin-img-BREVBREV-22.91%coin-img-LIGHTERLIGHTER-1.68%coin-img-PEPEPEPE-1.36%coin-img-HYPEHYPE-3.55%coin-img-UNIUNI-4.62%coin-img-ETHETH-3.06%coin-img-BTCBTC-1.86%coin-img-UCNUCN+0.24%

Crypto Whale Incurs $588K Loss on BTC Long, Opens $12.94M Short Position

On January 7, a prominent cryptocurrency whale reportedly closed a Bitcoin (BTC) long position that had been maintained for 53 days, incurring a significant realized loss of $588,000, according to data provided by Hyperinsight. Following this substantial loss, the same entity promptly initiated a new, leveraged trading strategy by opening a 3x short position. This new short involves 139.62 BTC, valued at approximately $12.94 million, with an average entry price recorded at $92,739.2. As of the latest available information, this newly established short position is currently showing a slight unrealized loss, reflecting the immediate market dynamics post-transaction. Such large-scale whale movements are closely monitored for potential market impact.
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