Huo Xing Finance reports that on June 5, according to Lookonchain monitoring, the BIT-associated address currently holds a $78 million unrealized loss on a 120,000 ETH long position. To avoid liquidation, it deposited an additional 5.84 million USDC as margin. The latest liquidation prices for the whale’s four addresses are: $1,414.51, $1,366.11, $1,360.73, and $1,309.53.
BIT-linked address adds $5.84M to ETH long position as floating loss reaches $78M
MarsBitShare
Summary
A BIT-linked address added $5.84M in USDC to its ETH long position as unrealized losses reached $78M. ETH prices remain under pressure, with four whale addresses facing liquidation at $1,414.51, $1,366.11, $1,360.73, and $1,309.53. Traders are closely monitoring altcoins amid shifting market sentiment.
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