PANews, August 14: According to Lookonchain monitoring, Bitcoin bear trader 0x66f8 closed its short position of 2,136 BTC (valued at $136 million), realizing a profit of $1.65 million. The address subsequently switched to a long position, purchasing 200.82 BTC (valued at $12.74 million) with 40x leverage.
Address closes BTC short position, earns $1.65M, then goes 40x long
PANewsShare
Summary
According to PANews, a Bitcoin short position held by address 0x66f8, totaling 2,136 BTC (worth $136 million), was closed, generating a $1.65 million profit. The address then initiated a leveraged long position at 40x, purchasing 200.82 BTC (worth $12.74 million). This move reflects active adjustments in position sizing amid evolving market conditions.
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