Crypto Whale 332,000,000 dollars open from Bitcoin short, and sees profits even after hunting: data on the series
The encryption whale with a history of profitable deals managed to climb to the top after opening a huge short position on Bitcoin (BTC).
Blockchain Lookonchain Analysis Company He says The deep pocket trader built a short center of 3940 BTC with a value of $ 332 million by increasing the leverage to 40x.
Short sale is the act of borrowing one of the assets from the stock market or mediator to sell it in the hope of buying less to wound the difference.
According to Lookonchain, the whale initially witnessed unrealized losses of more than a million dollars.
Entry price: 84,040.8 dollars
Filter price: $ 85300. “
In addition to the volatile price movement, the analysis company He says The whale had to pay a team of merchants who tried to strengthen the price of bitcoin in an attempt to liquidate the short center of the deep investor.
“[A pseudonymous trader] It publicly formed a team to chase this whale, which briefly BTC with a 40X Rab.
Just one hour later, the team was at work, as it was driving BTC over $ 84,690 in a short period. “
Lookonchain notes that the whale survived the liquidation by Adding At a value of $ 5 million of Stablecoin USDC for their account.
“The whale continued its position to the short BTC.
Currently, the whale takes advantage of the closure situations through Twap (average time price).
His current position is 5,406 BTC ($ 449 million), with uninterrupted profit of $ 4.4 million. “
When trading with the leverage, users can add more money to their accounts and put more warranty to move the filtering price away from the income of prices. While this step reduces the risk of filtering, traders are at risk of losing more money if the original moves against their position.
Lookonchain signs of tab are kept on the whale in question, With reference The trader achieved a 100 % beating rate in one month to raise 16.39 million dollars of profits.
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Created Image: Midjourney
