A whale closed a $13.6 million short position and immediately went long with 40x leverage.
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According to ME News, on May 26th (UTC+8), Hyperinsight monitoring showed that within the past half hour, a major short seller closed all of their short positions in BTC and ETH, totaling over $13.6 million, recording a profit of approximately $132,000. After closing these positions, the address immediately reversed course and long on 112.7 BTC with 40x leverage, worth approximately $8.72 million, at an average price of $77,490 and a liquidation price of $76,555. Address: 0xdfbdbc3ab86f6939cd303ea2b7f9c1b3a4e0685f (Source: ME)
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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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