This whale/institution that made nearly $100 million through ETH swing trading has recently taken big actions again. After depositing 20 million USDC, they directly increased their BTC long position to 2,830 coins. Currently, this position is worth $259 million, a definitely huge fish.
However, the entry price was $92,318, and now it has a floating loss of $1.75 million. The liquidation price is set at $81,157, which means if BTC drops another $10,000, this large position will be liquidated. Interestingly, they are still adding to their position, either because they are extremely optimistic about the market or trying to lower their average cost. It’s important to note that such a level of holding, if it moves in the opposite direction, can cause noticeable market volatility.
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RugResistant
· 01-10 13:42
dude's leveraging hard into a potential liquidation zone... $81.1k is way too close for comfort tbh. either this whale knows smth we don't or they're about to get rekt spectacularly. analyzed the pattern & ngl, the math doesn't add up if btc dumps another 10%. classic overleveraged move imo.
Reply0
ForkItAllDay
· 01-10 08:38
This guy is either a gambler or really has insider information. Still daring to keep adding with a 1.75 million floating loss? Crazy.
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LiquidityHunter
· 01-10 00:48
This whale is really fierce. Losing 1.75 million and still daring to add more? Either their mind is truly tough, or they have some confidence in the rebound.
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GamefiGreenie
· 01-07 15:05
This guy is really bold. Still willing to add after a floating loss of 1.75 million? I just can't understand how optimistic he must be about the market to do that.
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AllTalkLongTrader
· 01-07 15:05
I think this guy isn't a gambler; he must have really seen something, otherwise who would dare to do this?
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RektButAlive
· 01-07 14:52
Still adding aggressively despite a floating loss of 1.75 million? Is this guy truly committed or just a gambler's mentality... The liquidation price at 81K is really a threat. Once it breaks, the entire market will tremble.
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LiquidatorFlash
· 01-07 14:37
Liquidation price $81,157... I need to calculate the probability of hitting this threshold. A 10,000-point drop isn't an exaggerated assumption.
28,30 BTC. If this guy really gets liquidated, the market will experience a big震荡, and retail investors will all suffer.
This whale/institution that made nearly $100 million through ETH swing trading has recently taken big actions again. After depositing 20 million USDC, they directly increased their BTC long position to 2,830 coins. Currently, this position is worth $259 million, a definitely huge fish.
However, the entry price was $92,318, and now it has a floating loss of $1.75 million. The liquidation price is set at $81,157, which means if BTC drops another $10,000, this large position will be liquidated. Interestingly, they are still adding to their position, either because they are extremely optimistic about the market or trying to lower their average cost. It’s important to note that such a level of holding, if it moves in the opposite direction, can cause noticeable market volatility.