• Finding the Nakamoto's statue is the reason for the BTC price up $BTC
Municipal workers in Lugano, Switzerland, retrieved the pieces of the city's famous Satoshi Nakamoto statue from Lake Lugano on Monday after Bitcoin's most recognizable public monument was stolen and vandalized over the weekend.
The optical illusion artwork, which appears to fade into digital code when viewed from certain angles, was discovered on Monday, broken into several pieces both in the lake and along its banks.
Specifically highlighting a significant 40x long position on Bitcoin valued at $45 million, which has a liquidation price of $105,000.
Details of the Bitcoin Position:
Position Type: Long position on Bitcoin (BTC).
Leverage: 40x cross leverage.
Value: $45.59 million.
Liquidation Price: The position will be liquidated if Bitcoin's price drops to $105,000.
Platform: The image indicates the platform is related to "coinglass" and shows a chart of "Total PnL" (Profit and Loss) over time.
Context: This large long position was opened by a "Bitcoin whale," a term used for individuals or entities holding substantial amounts of Bitcoin.