With 40x leverage and a focus on short-term positions, a certain address has gone long on $38.67 million worth of BTC
Svmuu News: According to monitoring by on-chain analyst "Aunt Ai," a certain address opened a 40x leveraged long position of 603.71 BTC at 10:30 p.m. last night, worth $38.67 million, with an entry price of $64,469. The position is currently showing an unrealized loss of $259,000. In addition, the address has placed limit orders totaling $31.441 million in the price range of $63,500 to $63,674. If all orders are filled, the total position will expand to $70.111 million. This address has historically focused on short-term strategies, with positions typically held for only a few hours. This long position is the sixth-largest of the year; if fully executed, it would become the largest of the year.
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Source:Odaily · Source Link
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