The Whale That Shorted Bitcoin Added 30 Million Dollars to Its Position at These Prices!
According to Lookonchain's analysis, a crypto whale opened a total short position of 30.7 million dollars through two different wallets as the Bitcoin price rose.
Lookonchain, one of the major data providers in the cryptocurrency markets, reported that a significant whale made a remarkable move following the recent rise in Bitcoin (BTC) prices. It was observed that a substantial amount of short positions was 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 short position worth 30.7 million dollars in Bitcoin. 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 for these previous positions were recorded as 107,220 dollars and 107,160 dollars, respectively.
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