BTC Dominant Short Liquidation of $61 million, Plans to Close Remaining Shorts if Price Reaches $74,900

BlockBeats News, April 20, according to Hyperinsight monitoring, the address starting with 0x004 continued to reduce its BTC short position today. As of one hour before the publication, it had completed this round of profit-taking, closing a position of 808.8 BTC, equivalent to about $61 million.

Subsequently, the address placed a market price buy order, planning to liquidate the remaining $14.88 million position if the BTC price rebounds to $74,900. The average position entry price is $75,828, with the current unrealized profit of about $280,000 (+38%).

Address: 0x004edcd40360e293e4cf260d2ebdf8c7076c1bb8