A whale (a cryptocurrency trader) stopped out a 53-day long position in BTC, incurring a loss of $588,000, and subsequently started short.

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[A whale closed its 53-day long BTC position, incurring a loss of $588,000, and immediately started short] According to Mars Finance, on January 7th, Hyperinsight monitored that a whale closed its 53-day long BTC position 45 minutes ago, incurring a loss of $588,000. Subsequently, it short 139.62 BTC (approximately $12.94 million) with 3x leverage, with an average entry price of $92,739.2. Currently, it is experiencing a slight floating loss.

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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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