Whale Closes Short Positions During Bitcoin Surge, Losses Exceed 1.6 Million Dollars

--・Verified Binance official account

AI Summary

Whales lost more than $1.6 million when they closed their short positions as Bitcoin rose, showing that market volatility has increased and may trigger more cautious sentiment among investors in the future. This phenomenon indicates that market participants may adopt more conservative investment strategies when facing uncertainty.

According to Deep Tide TechFlow, on May 8, on-chain analyst Lookonchain detected that a whale closed short positions during the Bitcoin surge, incurring losses of over 1.6 million dollars. This whale had shorted BTC with 11x and 40x leverage, with a position size reaching 127.7 million dollars, and liquidation prices of 104,600 dollars and 103,470 dollars respectively.

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

BTC

102,772.63

+1.61%

Whale Closes Short Positions During Bitcoin Surge, Losses Exceed 1.6 Million Dollars

Latest News

Trending Articles