A Whale with Tens of Millions in Holdings Opens 40x Long Position on BTC, Sets Stop-Loss at $74,700

BlockBeats News, April 16th, according to Hyperinsight monitoring, in the past ten minutes, an address starting with 0x965 opened a BTC long position with 40x leverage, totaling $12.6 million, with an average price of $74,959 and a liquidation price of $73,980. Subsequently, the address set an extremely tight stop-loss at $74,700, just $200 away from the current price.

Earlier today, the same address twice opened long positions on the S&P 500 index in the tens of millions, intending to chase the rise. Previously, it had taken short positions on crude oil multiple times. The overall trend leans towards betting on the recovery of risk market liquidity.

Address: 0x9657aa2cd45f2cfe77bef47f026bd835edcd165c