A certain whale liquidated 242 BTC long positions, incurring a loss of $1,042,000.

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BTC-3,42%

BlockBeats News, January 20th, according to Hyperinsight monitoring, a whale closed a long position of 242 BTC at 13:47, incurring a loss of $1.042 million. Currently, it is still long XYZ100 with 20x leverage, with an entry price of $25,144.79.

BlockBeats Note: XYZ100 essentially tracks the performance of the Nasdaq 100 Index, similar to an on-chain version of Nasdaq 100 futures, allowing users to trade the rise and fall of the US tech stock index 24/7 (including leverage).

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