Whale Who Previously Shorted BTC at High Frequency Switches Stance, Goes Long with $18.81 Million in 2 Minutes

BlockBeats News, August 24, according to TradingBeats Monitoring, a whale with an address starting with 0x007d made 11 consecutive market buy transactions of 242 BTC this morning within about 2 minutes, with a total transaction volume of approximately $18.809 million. The weighted average transaction price was $77,721.7, with 80% of the funds pledged in BTC.

The total contract trading volume of this address is approximately $7.877 billion throughout its existence. Since last year, its BTC trading volume alone has reached $3.234 billion, with a majority being short positions.

As of the time of writing, this address holds about $27.299 million in BTC long positions with 40x leverage, with a comprehensive opening price of $77,710.7 per BTC. BTC accounts for approximately 82.2% of its total contract position value. The current floating loss is about $56,000, the liquidation price is $66,730.2, and no BTC orders have been placed yet.