A whale’s long position was liquidated with losses exceeding $3.5 million, but a subsequent 40x BTC long is now showing a $1.06 million unrealized profit
Odaily Planet Daily reported, according to monitoring by @lookonchain, that due to the market downturn, address 0x7e8b was liquidated, resulting in losses including 965 BTC (approximately $97.5 million) and 12,024 ETH (about $26.22 million), with total losses exceeding $3.5 million. The address subsequently reopened positions, taking a 40x leveraged long on BTC, and is currently showing an unrealized profit of around $1.06 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The "new Bond King" Gundlach warns: The next recession may trigger a US debt crisis, and US Treasury bonds will no longer be a safe haven.
The "new bond king" Jeffrey Gundlach has warned that the next round of economic downturn in the United States could trigger a debt crisis, pushing long-term U.S. Treasury yields sharply higher. This would break the decades-old conventional belief that bonds are always a safe haven during economic turbulence.
Nvidia (NVDA.US) further strengthens AI infrastructure by investing $2 billion in Brookfield (BAM.US) Global AI Fund, which aims to raise $10 billion.
Nvidia has invested $2 billion in the Global Artificial Intelligence Infrastructure Fund under Brookfield Asset Management.
LCNB Chief Wealth Officer Michael Miller to Retire
Loop Industries to Evaluate Alternatives, India Joint Venture Financing
Crypto prices
More
