Data: Two whale open $64 million in opposing Bitcoin positions
AI Summary1 min read
TL;DR
Two new whale wallets are in a high-stakes Bitcoin battle: one opened a 15x leveraged long position worth $25.9M, currently profitable, while the other opened a 20x leveraged short position worth $38.67M, currently at a loss.
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Halving TokensLayer 1Bitcoinwhale tradingleveraged positionson-chain analyticscryptocurrency
According to Mars Finance, Lookonchain (@lookonchain), an on-chain analytics platform, is monitoring a large-scale Bitcoin long-short battle between two new wallets. Wallet address 0xfB66 opened a 15x leveraged long position at an entry price of $84,736.9, buying 300 Bitcoins (worth approximately $25.9 million), currently showing a profit of $505,000, with a liquidation price of $72,424. Simultaneously, wallet address 0x4321 opened a 20x leveraged short position at an entry price of $86,373.6, short 447.38 Bitcoins (worth approximately $38.67 million), currently showing a loss of $337,000, with a liquidation price of $92,884.