A whale closed a 242 BTC long position, losing $1.042 million

BlockBeats News, January 20th, according to Hyperinsight monitoring, a whale liquidated 242 BTC long positions at 13:47, realizing a loss of $1.042 million. The whale is currently still long XYZ100 with 20x leverage, with an average entry price of $25,144.79.

BlockBeats Note: XYZ100 essentially tracks the performance of the Nasdaq 100 Index, similar to an on-chain version of Nasdaq 100 futures, allowing users to trade the rise and fall of the U.S. tech stock index 24/7 (including leverage).