๐ Bitcoin whale takes risks again after a big loss
The whale known as 0xebe lost over $3.4 million on a Long position in Bitcoin.
Interestingly, they didnโt exit the market but opened a new Long position on $BTC with a massive size:
๐ 812.46 BTC
๐ Leverage: 5x
๐ Trade value: about $49.55 million
๐ Current unrealized loss: over $260,000
This type of movement reflects that some whales are still betting on a Bitcoin rebound, despite the current pressure and strong volatility.
But the most important message for traders:
If the whale itself is losing millions, risk management isn't an option... it's a necessity.
Keep an eye on the liquidation levels, as they could turn into fuel for a strong move ahead.
#Bitcoin #BTC #Whales
The whale known as 0xebe lost over $3.4 million on a Long position in Bitcoin.
Interestingly, they didnโt exit the market but opened a new Long position on $BTC with a massive size:
๐ 812.46 BTC
๐ Leverage: 5x
๐ Trade value: about $49.55 million
๐ Current unrealized loss: over $260,000
This type of movement reflects that some whales are still betting on a Bitcoin rebound, despite the current pressure and strong volatility.
But the most important message for traders:
If the whale itself is losing millions, risk management isn't an option... it's a necessity.
Keep an eye on the liquidation levels, as they could turn into fuel for a strong move ahead.
#Bitcoin #BTC #Whales