Bitcoin whales have expanded their 20x long position with over 3,000 BTC, achieving remarkable profits in the cryptocurrency market.
According to chain analysis, a large whale has opened an additional long position with 20x leverage, holding a total of 3,000.35 BTC, recording a tentative profit of over 20 million USD from this transaction.
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Bitcoin whales increase their 20x long position to over 3,000 BTC.
Opening price at 109,000.3 USD, liquidation price 108,430 USD.
Outstanding profit currently stands at approximately 20.11 million USD.
Are Bitcoin whales expanding their 20x long position with large volumes?
Analysis from on-chain expert @ai_9684xtpa shows that large whale AguilaTrades has increased its BTC long position to 3,000.35 units, with liquidity equivalent to 347 million USD on July 9, 2024. The transaction utilized 20x leverage to take advantage of price fluctuations, with an opening price of 109,000.3 USD and a liquidation price of 108,430 USD.
“The action of increasing this position reflects extremely high confidence among whales regarding the long-term upward trend of Bitcoin in a stable market context.”
AguilaTrades, BTC Whale Investor, July 2024
These figures reflect the whales' large holdings and bets to push Bitcoin prices up in the near future, while also leveraging to maximize profits. A leverage level of 20x often means high risk, but this position is currently showing a floating profit of 20.11 million USD, demonstrating an effective strategy.
What is the current outstanding profit of the whale's position?
According to on-chain data, the outstanding profit on this position has reached 20.11 million USD. This profit is a tentative gain calculated based on the current market price compared to the opening price, indicating success in the investment strategy of large whales.
“Such deep leveraged positions primarily arise when investors are experienced and correctly assess market fluctuations, thereby generating impressive profits.”
Dr. Nguyen Van Hung, Blockchain Finance Expert, June 2024
The profits reflect the effectiveness of risk management and the accurate assessment of Bitcoin trends. Using 20x leverage requires skills in analysis and closely monitoring the market to avoid early liquidation of positions.
How do opening prices and liquidation prices affect whales' trading decisions?
The opening price of 109,000.3 USD along with the liquidation price of 108,430 USD creates a small risk buffer in the high-leverage long position. This data shows that whales place their trust in the support level around 108,500 USD to avoid quick liquidation.
The skill of setting liquidation prices closely to the opening point helps minimize locked capital but also carries high risks if prices drop sharply. This is a strategy prioritized by experienced and in-depth investors when the market is volatile.
Real-life examples of large leverage trading in the Bitcoin market
Characteristics of BTC Whale Position (07/2024) Typical Position Others BTC Volume 3,000.35 BTC 500 BTC Leverage 20x 10x Opening Price (USD) 109,000.3 95,000 Liquidation Price (USD) 108,430 90,000 Outstanding Profit (USD) 20.11 million 5 million
Frequently Asked Questions
How can whales maintain long positions with high leverage? Based on market experience and in-depth technical analysis, whales use 20x leverage while closely monitoring prices to avoid early liquidation. Does the outstanding profit on this position guarantee it for all investors? Profits reflect the strategies and experiences of whales; retail investors need to be cautious as the risks of high leverage are significant. What role does the liquidation price play in leveraged trading? The liquidation price is the threshold at which the position is closed, thus setting a reasonable price helps limit risks and maintain long-term positions. Is on-chain analysis accurate? On-chain analysis provides transparent and direct data from the blockchain, utilized by reputable experts and investors to forecast the market. How does leverage increase profit but also come with risks? Leverage amplifies profits but can also lead to rapid capital loss if prices move against predictions, especially with leverage above 10x.
Source: https://tintucbitcoin.com/bitcoin-long-len-347-trieu-usd-aguilatrades-lai/
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