A trader closed a long position of 125 BTC, incurring a loss of $404,000, and immediately opened a short position.
AI Summary1 min read
TL;DR
A trader closed a 125 BTC long position, losing $404,000, and quickly opened a 75 BTC short position with 10x leverage, currently facing a $25,000 floating loss. This aggressive trader uses cross margin and has overall profits of $2.93 million.
Tags
YBitcoin tradingperpetual contractsleveragetrading losscryptocurrency
According to Mars Finance, on January 19th, Hyperinsight monitored a trader who closed a long position of 125 BTC at 14:11, incurring a loss of $404,000. The trader immediately opened a short position, currently short 75 BTC (approximately $6.95 million) with 10x leverage. The average entry price was $92,388.7, resulting in a floating loss of $25,000. This address primarily trades BTC perpetual contracts using a cross margin trading strategy, frequently making large opening and closing operations, exhibiting an aggressive trading style. Over the entire trading period, the trader has reported a profit of $2.93 million.