According to ChainCatcher, based on monitoring by Coinbob's popular address tracking and Coinglass, a large whale (0xd83...) significantly increased its BTC long position with 40x leverage due to the short-term BTC price surge above $90,000 early this morning at 2 a.m. The position size was raised to $63.2 million, with the liquidation price and average price both rising accordingly. However, BTC prices continued to decline afterward, and the current price has dropped 2.1% from the intraday high. At 5:02 a.m., the address suffered a major blow, with 140 BTC long positions liquidated (approximately $12.47 million), marking the largest single liquidation on the network in the past 24 hours. In the following several hours, the address faced further liquidation of 112.2 BTC long positions (approximately $9.9 million), totaling $22.37 million in liquidations. Currently, the account balance of this address is less than $1 million. At present, the address still holds a BTC long position with 40x leverage, with a position size of $39.81 million, an average price of $89,530, and a liquidation price of $88,390. The floating loss is $380,000 (-39%). This whale was previously the largest short position holder for BTC, ETH, and other cryptocurrencies, with a total position size of nearly $500 million. Recently, it has experienced multiple liquidations, including approximately $199 million on January 22, $120 million on January 26, and $83 million on January 28. After these events, the whale shifted its positions to long, but today it faced further liquidation of its long BTC positions.
Major BTC Whale Suffers $22.37M Liquidation After Switching to Long Position
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Summary
A major Bitcoin whale (0xd83...) faced a $22.37 million liquidation after switching to a long position in position trading. Initially holding $500 million in short positions, the whale rolled over into a 40x leveraged BTC long, increasing the position size to $63.2 million. BTC's pullback from $90,000 triggered the liquidation, and the account's equity is now below $1 million.
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