'Insider Brother' recently increased by 43.19 BTC worth over 4.7 million USD, maintaining huge short positions on BTC and ETH.
According to monitoring from the account @ai_9684xtpa on 4/7, 'Insider Brother' is holding a temporary loss position of about 580 thousand USD, reflecting a highly professional trading strategy and high risk in the cryptocurrency market.
MAIN CONTENT
'Insider Brother' has just added another 43.19 BTC, equivalent to 4.7 million USD to the short BTC position.
The short BTC position holds 216.07 BTC with an opening price of 107,380.1 USD each.
At the same time, the short ETH position has 4,446.81 ETH, an opening price of 2,452.03 USD, worth 11.39 million USD.
Who is 'Insider Brother' and what is their influence in the cryptocurrency market?
'Insider Brother' refers to an individual or organization trading with extremely large volumes, significantly influencing price trends in the cryptocurrency market. On-chain data analysts note that this whale's actions often warn of impending strong fluctuations.
Cryptocurrency financial expert Jake Smith (2023) states: 'The whales' increased short positions often signal a major correction or price drop on Bitcoin and Ethereum.'
What are the details of 'Insider Brother's' current positions?
Currently, 'Insider Brother' is holding many short positions with high leverage on BTC and ETH. The BTC position is 216.07 BTC with an opening price of approximately 107,380.1 USD, worth up to 23.56 million USD. The ETH position is 4,446.81 ETH with an opening price of 2,452.03 USD, equivalent to 11.39 million USD.
A leverage level of 40x on BTC and 25x on ETH indicates high risk but also great profit potential if prices drop significantly.
The whales maintaining large short positions with high leverage indicates confidence in a downward price trend in the short term in the cryptocurrency market.
– Dr. Anthony Lee, CEO of CryptoNova Investment Fund, 7/2024
'Floating loss' is what and what does the loss level of the position signal?
'Floating loss' means unrealized losses in a portfolio due to asset price fluctuations compared to the opening price of the position. Although currently facing a temporary loss of about 580 thousand USD, 'Insider Brother's' position is still maintained, indicating expectations that prices will decrease to profit in the future.
According to the Q2/2024 market report from ChainAnalytics, whales often accept technical losses to maintain positions when predicting long-term trends.
Benefits and risks of using high leverage in cryptocurrency trading?
According to the chief investment strategist of the SafeWallet wallet (2024), high leverage like 25x or 40x helps amplify profits but simultaneously exposes investors to the risk of liquidation when prices move against predictions.
Factor Low Leverage High Leverage (25x – 40x) Potential Profit Low High Risk of Liquidation Low Very High Capital Requirements High Low
Leverage is a double-edged sword, helping to expand profits but also accelerating losses if the market fluctuates sharply.
– Laura Mitchell, Head of Risk Analysis at CryptoInvest, 2024
Frequently Asked Questions
What does 'floating loss' mean in cryptocurrency trading?
This is an unrealized loss when asset prices fluctuate, reflecting the current position of the investor.How does high leverage affect trading?
It helps increase potential profits but also increases the risk of liquidation.How to determine if a short position is safe?
It is necessary to analyze market trends carefully and manage risk with reasonable stop-loss orders.Why do whales hold temporary losing positions?
Because they expect the market to move in a favorable direction in the long term.
Source: https://tintucbitcoin.com/bitcoin-ca-voi-insider-brother-mua-them-btc/
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