Latest on July 8th, the giant whale shorts bitcoin with 40x leverage, igniting the market! The wealth code behind the $118.8 million short position, will you follow?
When the giant whale enters the market, even the waves must make way! Jin Xin likes to look at on-chain data right after breakfast, discovering that a mysterious giant whale has opened a short position of 1,097.47 bitcoins (approximately $118.8 million) with 40x leverage, locking in a liquidation price of $116,510! Even more shocking is that this account was previously a 'super player' that made $13.6 million on the platform. What I care about is whether ordinary investors can take advantage of the situation and share in the profits.
1. The whale's trump card: The life-and-death gamble of a $118.8 million short position The trading strategy of this giant whale can be considered textbook-level: Precise Timing: The current bitcoin price is fluctuating around $108,000, while its entry price is locked at $107,926.6, meaning that as long as the price drops, one can make a profit immediately; if it rises, one must bear the risk of high leverage.
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