A significant Bitcoin whale reportedly closed its short position at a $65,000 loss. The same whale immediately opened a new long position with 40x leverage on nearly 197 BTC, valued at about $17.95 million. The opening price for this long position was approximately $91,447, currently showing an unrealized loss of $50,000.
Article
Major Bitcoin Whale Exits Short with Loss and Initiates Large 40x Leveraged Long Position
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.