After 30 long attempts to go long, a whale reversed course and went short on BTC, quickly rolling over its position, with holdings exceeding $9.15 mil...
TL;DR
A whale, previously known for 30 failed long attempts, quickly switched to shorting BTC, opening and adding to a position totaling over $9.15 million. The move resulted in a floating profit of about $28,900, with a liquidation price set at $146,687.61.
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On January 12, according to Hyperinsight monitoring, the address marked as "30 failed attempts to go long" (0x8d0E) opened a new short position in BTC in a short period of time, and then quickly rolled short.
The address initially opened a short position of 69.34 BTC at a price of approximately $91,091.7. About four minutes later, as the price fell, it added another 31.56 BTC to its short position, worth approximately $2.842 million. After this rollover, its total BTC short position reached $9.1553 million, with the average holding price dropping to $91,022.30. The current floating profit is approximately $28,900, and the liquidation price is $146,687.61.