Market Downturn Causes Whale to Be Trapped at the Top, Averaging $79,000 in Intraday Buy the Dip BTC

BlockBeats News, April 27th, according to Hyperinsight monitoring, BTC experienced a short-term decline of nearly 2%. Within the past hour, several on-chain long position whales successively drastically reduced their positions or closed them out and exited the market. The largest closer was address 0xcab, who liquidated approximately $14.4 million worth of ETH long positions at a price of $2322, exiting at breakeven.

Among the BTC whales still holding large positions, the address starting with 0xddf aggressively bought BTC at a high average price of $79,000 earlier today. The current position size is $5.47 million, and as the market quickly reversed, this position is now facing an unrealized loss of about $90,000 (-32.6%), with the liquidation price at $74,947.

Addresses: 0xcab59c7a92b8f7c4d5cde72bb7669ee7d75b6e6e
Address: 0xddfe0b953e0c88aaa8f01f769ffeb8c856e80f51