Two Whale Traders Take Large Positions to Bet on Bitcoin's Movement, Acting as Long and Short Counterparties

BlockBeats News, December 6, according to LookIntoChain monitoring, a whale with the address "0x50b3" opened a 20x leveraged long position on Bitcoin, with a position value of 27.5 million US dollars, an entry price of 89,642.7 US dollars, and a liquidation price of 83,385 US dollars.

Another whale, "0x9311," simultaneously opened a 40x leveraged short position on Bitcoin, with a position value of 20 million US dollars, an entry price of 89,502.7 US dollars, and a liquidation price of 95,114 US dollars.