A whale with a profit of $554,400 and a long position of $107 million in BTC reduced its position by 40% and placed a break-even sell order.
Svmuu News: According to Hyperinsight’s monitoring, the largest long position holder—who previously held BTC long positions worth $107 million—has begun reducing their position to lock in profits and has placed break-even stop-loss orders for the remaining positions at a price close to their entry cost. Over the past hour, the trader sold a cumulative total of 903.4 BTC through 10 limit sell orders, with a total transaction value of approximately $58.424 million and an average price of about $64,666.1, realizing a profit of $554,400; Due to minor position increases during this period, the net reduction was 668.2 BTC. As of this writing, the whale still holds 994.2 BTC in long positions, with a position value of approximately $64,195,000, an average entry price of $64,052, and an unrealized profit of $510,000; The liquidation price has dropped to $61,604.3. The whale has set stop-loss orders for all remaining long positions, which will trigger break-even liquidation if BTC falls below $64,050.
Source:Odaily · Source Link
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