Bitcoin whale Jason6074294 builds $54.33 million long at $75,731.70

CoinDesk cited a post from Ai Yi saying crypto trader @Jason6074294 opened a 717.491 BTC long position, valued at about $54.33 million, as Bitcoin traded near $75,731.70. The trader was previously stopped out on April 14 at $73,500, taking an estimated $5 million loss. The exit also limited exposure to what could have been larger losses ahead of the subsequent market rebound.