ME News reports that on September 3 (UTC+8), a wallet began steadily building a long position in BTC starting at 05:42, accumulating a total of 400 BTC through regular trades and three TWAP orders, with a total transaction value of approximately $31.046 million. Of this, the wallet purchased 250.65 BTC via regular trades for about $19.493 million, and executed 149.35 BTC through three TWAP orders totaling approximately $11.553 million. Two TWAP orders completed purchases of 68 BTC and 50 BTC respectively, while a third TWAP order, originally intended to buy 200 BTC, was terminated early after executing only 31.35 BTC. The wallet currently holds a 400-BTC long position with 20x cross-leverage, at an average entry price of $77,613.70, with a current unrealized loss of approximately $11,000 and a liquidation price of approximately $72,863.80. (Source: ODAILY)
Address Builds 400 BTC Position Using TWAP and Spot Trades
KuCoinFlashShare
Summary
An address established a 400 BTC long position on September 3 using spot trades and TWAP, with attention to support and resistance levels. The address spent $31,046,000, purchasing 250.65 BTC via spot and 149.35 BTC through TWAP. Two TWAP rounds acquired 68 BTC and 50 BTC, respectively, while the third was terminated early at 31.35 BTC. The position employs 20x leverage, with an average entry price of $77,613.70 and a floating loss of $11,000. A spot grid strategy helped optimize entry points, with liquidation occurring near $72,863.80.
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