A certain contract whale long on BTC 20 times in the past day, with a total position size exceeding $63 million.

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On January 25, according to Hyperinsight monitoring, a whale address trading contracts starting with 0x50b3 began long on BTC with 20x leverage over the past day. After multiple additions to its position, the current long position size has reached 379.62 BTC, equivalent to approximately $33.69 million, with a floating loss of $209,000 and an average entry price of $89,318.

In addition, this address has repeatedly opened 25x ETH short positions or hedged its positions, with current short positions amounting to 9,999 ETH, equivalent to approximately $29.36 million, with a floating loss of $15,000 and an average entry price of $2,935.

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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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