A certain whale closed a $2.38 million BTC short position, with an average closing price of approximately $78,500.

GateNews
BTC-1,82%

ChainCatcher reports that, according to Hyperinsight monitoring, a whale starting with 0xc38a closed a short position of 30.29 BTC, with an average closing price of approximately $78,500, corresponding to a value of about $2.38 million.

This address currently holds a BTC short position with 20x leverage, a position size of 100 BTC, approximately $7.85 million, with an unrealized loss of about $60,000. The liquidation price is around $94,000.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Bitcoin Halving Two-Years Anniversary: Annual inflation rate drops to 0.85%, officially becoming a rarer asset than gold

The Bitcoin halving in April 2024 lowered its annual inflation rate to 0.85%, for the first time below gold’s 1.5–2%. Bitcoin’s scarcity comes from code rules: supply will gradually decrease, and another halving is expected again in 2028. This halving cycle witnessed increased participation from institutional investors, strengthening Bitcoin’s position as digital gold.

ChainNewsAbmedia6m ago

Bhutan Reduces Bitcoin Stash From 13000 BTC to Under 4000 in 18 Months

_Bhutan cuts Bitcoin holdings from 13,000 BTC to 3,954 BTC in 18 months, with $215.7M transferred out and mining inflows declining_ Bhutan has reduced its Bitcoin holdings over the past 18 months, based on new blockchain data. Arkham data shows a steady decline in the country’s reserves since

LiveBTCNews23m ago

'Not Going to Stop at Bitcoin': Morgan Stanley Weighs Tokenization, Tax Solutions in Crypto Push

In brief Amy Oldenburg, head of digital-asset strategy at Morgan Stanley, sees a tokenized money-market fund as a natural path forward for its crypto roadmap. What’s more, the investment bank with $9.3 trillion in client

Decrypt44m ago

Crypto analyst Murphy: The current difficulty of trading BTC in the short term is extremely high—sharing my personal trade records and risk management strategies

Bitcoin’s short-term trading difficulty is increasing. Analyst Murphy recommends adopting a DCA (dollar-cost averaging) strategy over the next six months, with a win rate approaching 100%. He emphasizes the need to distinguish between investing and trading, avoid wishful thinking, follow the long-term trend, and strictly adhere to short-term trading discipline.

GateNews1h ago

Bitcoin Hits $73K as US CPI Data Cools, Gas Prices Hit 60-Year High

Bitcoin traded near the $73,000 zone after the March CPI print came in cooler than some forecasts, easing some inflation fears and setting the stage for a cautious push higher. The Bureau of Labor Statistics showed the consumer price index rose modestly, with energy costs driving the month’s big

CryptoBreaking1h ago
Comment
0/400
No comments