The trader, after suffering a cumulative loss of $4.89 million, went long on BTC with a large position. They currently hold a $5.43 million long position in Bitcoin.
BlockBeats News, July 16th, according to OnchainLens monitoring, a trader who had accumulated losses of $4.89 million has doubled down on a long position. They currently hold 84 BTC long contracts, worth approximately $5.43 million, with 40x leverage. The account also holds approximately $290,000 worth of HYPE long contracts and approximately $148,000 worth of PUMP long contracts.
In addition, the trader has placed a limit buy order for 6.56 BTC, worth around $424,000, with the order price set at $64,600 per BTC.
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.
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