According to Lookonchain's analysis, a crypto whale opened a total short position of 30.7 million dollars through two different wallets while the Bitcoin price was rising.
Lookonchain, one of the important data providers of the cryptocurrency markets, reported that a large whale made a significant move following the recent rise in Bitcoin (BTC) price. It was observed that a considerable amount of short positions were opened through two different wallets believed to belong to the same whale.
According to the data shared by Lookonchain, this giant whale entered at levels of 94,893 dollars and 94,830.5 dollars, opening a total Bitcoin short position worth 30.7 million dollars. This move indicates that the whale expects a decline in the Bitcoin price in the near term.
New move after the previous short position
It is noted that this move follows positions opened on April 23. The same wallets, believed to belong to the whale, previously opened a position worth a total of 74.5 million dollars with 6x leverage at levels of 92,469.1 dollars and 92,664.8 dollars. The liquidation prices of these previous positions were recorded as 107,220 dollars and 107,160 dollars, respectively.
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