A Whale Goes 40x Long on BTC: Planned to Take Profit at $77,000 with a Liquidation Price of $74,200 for Passive Stop Loss

BlockBeats News, April 17th, according to Hyperinsight Monitoring, a whale with the address starting with 0x133 opened a 40x leveraged long position on BTC, with a position size of $6.95 million and an average price of $75,320. After gaining about 20% in unrealized profits, the address immediately placed a limit order to take profit, planning to close the entire position at $77,000.

It is worth noting that the address did not set any stop-loss orders. Considering the liquidation price at $74,287, it may intend to use the liquidation price as an implicit stop-loss level.

Address: 0x1335607139aaff8492f1e189e44fdad5f9206dc9