A certain whale opened a $12 million BTC long position for a short period of time, marking the 28th "buy the dip" move this week.

BlockBeats News, March 25th, according to Hyperinsight monitoring, a whale starting with 0xec3 opened a 40x leveraged long position on BTC, with a position size of 175 coins, equivalent to 12.4 million US dollars, an average price of 70,879 US dollars, and a liquidation price of 69,988 US dollars. This long position was the 28th opening in the past week. In the past hour, the address closed its BTC long position to break even, with a previous size of about 12.6 million US dollars and a closing average price of 70,770 US dollars.

In the past 7 days, the address has made 28 consecutive chase-up and kill-down moves in the BTC market, repeatedly buying high and selling low. During this period, it injected funds into the account 17 times in total, with a cumulative additional investment of about 670,000 US dollars. However, the account funds have shrunk from a peak of 1.7 million US dollars to only 310,000 US dollars, with a total weekly loss of up to 2.05 million US dollars, nearly wiping out.