Cryptocurrency market is buzzing: Big bets from whales
In the past 40 hours since the afternoon of May 1, a whale named @JamesWynnReal made a bold move on the Hyperliquid exchange. This whale opened a long position for Bitcoin (BTC) worth 137 million USD, using 40x leverage. These impressive figures highlight the importance of closely monitoring significant fluctuations in the cryptocurrency market.
Strategies and risks
With 1,419.4 BTC in the long position, the average entry price is 96,629.4 USD. The use of 40x high leverage is a risky investment strategy, especially when the liquidation price is set at 87,844 USD. As BTC prices fluctuate, investors need to be cautious not to put their position in jeopardy.
Information and Notes
This information aims to provide investors with insights into market trends and should not be viewed as investment advice. Managing and capturing risks when participating in the cryptocurrency market is extremely important, especially when facing shocks from large-cap whales.
Conclusion
The volatility of Bitcoin prices can present great opportunities but also carries significant risks. Investors need to carefully consider the market situation and potential risk factors before making investment decisions.
Source: https://tintucbitcoin.com/whale-james-wynn-mo-lenh-btc-40x-hop-dong-vuot-130-trieu-usd/
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