A major swing whale,"pension-usdt.eth", buy the dips a long position in BTC, bringing its total holdings to $85 million.

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According to Mars Finance, on December 19th, Coinbob's monitoring of popular addresses showed that in the past 7 hours, a whale marked "pension-usdt.eth" opened a new BTC long position with 3x leverage, holding 1,000 BTC, equivalent to approximately $85 million, at an average price of $86,300, resulting in a floating loss of $1.08 million (-3.8%). Previously, on December 17th, this address had completely closed its ETH short position, recording a loss of approximately $2.09 million, ending its 13-day winning streak. Further monitoring revealed that this address frequently engages in short-term swing trading, opening BTC and ETH positions with low leverage and cross margin, averaging a holding period of about 20 hours. In the past 30 days, it has profited approximately $17.46 million, and so far in December, it has recorded a profit of $8.54 million.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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