A Whale Builds Up BTC Long Position and Further Aggressively Increases Position, Short-Term Holding Reaching $12.5 Million

BlockBeats News, March 25th, according to Hyperinsight monitoring, in the past 1 hour, a whale starting with 0x931 opened a 40x leveraged long position on BTC, with an initial average position price of $71,023, holding approximately 105.6 BTC, worth about $7.5 million.

Approximately half an hour later, the same address added to its position again, increasing by about $5 million with an average price of $71,441. After two rounds of adding to the position, the total position size has reached $12.5 million, with an average position price of $71,190 and a liquidation price set at $73,103. With the current slight pullback in BTC price, this position is experiencing a small unrealized loss of about $7,000 (-2%).