A major swing whale,"pension-usdt.eth", buy the dips a long position in BTC, bringing its total holdings to $85 million.
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TL;DR
A major crypto whale 'pension-usdt.eth' opened a new 3x leveraged BTC long position, holding 1,000 BTC worth $85 million, with a current floating loss of $1.08 million. This follows a recent $2.09 million loss from closing an ETH short position, but the whale has profited $17.46 million over the past 30 days through frequent short-term swing trading.
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BitcoinLayer 1Halving Tokenscrypto whaleBTC long positionleveraged tradingswing tradingmarket analysis
According to Mars Finance, on December 19th, Coinbob's monitoring of popular addresses showed that in the past 7 hours, a whale marked "pension-usdt.eth" opened a new BTC long position with 3x leverage, holding 1,000 BTC, equivalent to approximately $85 million, at an average price of $86,300, resulting in a floating loss of $1.08 million (-3.8%). Previously, on December 17th, this address had completely closed its ETH short position, recording a loss of approximately $2.09 million, ending its 13-day winning streak. Further monitoring revealed that this address frequently engages in short-term swing trading, opening BTC and ETH positions with low leverage and cross margin, averaging a holding period of about 20 hours. In the past 30 days, it has profited approximately $17.46 million, and so far in December, it has recorded a profit of $8.54 million.