Huo Xing Finance reports that on June 13, according to Onchain Lens monitoring, a large whale opened a 5x leveraged long position of 54,986 SPCX tokens, worth approximately $9.09 million. The whale also holds a 25x leveraged short position of 320.74 BTC, valued at approximately $20.4 million, with unrealized profits exceeding $1.18 million.
Whale opens a 5x leverage long position worth $9.09M in SPCX
MarsBitShare
Summary
A whale executed a 5x leveraged long position in position trading, purchasing 54,986 SPCX tokens worth $9.09 million on June 13, according to MarsBit. The same whale also holds a 25x short position of 320.74 BTC, valued at $20.4 million, with a floating profit of $1.18 million. Position sizing appears to be a key element of the whale’s strategy, balancing risk across both assets.
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