Odaily Planet Daily reports, according to Hyperinsight monitoring, a new address (0x4ba6) received approximately $464,000 in funds last night from three separate addresses; after receiving UBTC, it was immediately swapped for USDC, and the funds were then transferred to a BTC contract with almost no delay.
This address initially opened a short position of 68.1 BTC, then repeatedly switched between long and short positions to test the market. Approximately half an hour ago, it purchased 181.3 BTC through two orders, finally completing its current position at an average execution price of $66,411.60, with a total value of approximately $12.039 million.
As of publication, this address holds a long position of 181.3 BTC with 40x leverage, valued at approximately $12.026 million, with a liquidation price of $64,580.70. The position is currently experiencing a notional loss of about $13,000, yielding a return of -4.3%.
After establishing the position, it immediately placed a take-profit trigger order covering the entire position, with the trigger price set at $67,300.00. The address has been active for less than a day, and all historical transactions have been focused on BTC, with a total trading volume of $67.28 million; the account's overall profit and loss is currently neutral.