STRK Underperforms BTC as Whale Shifts $11M to Bitcoin Long

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STRK
$0.08495-16.93%
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BTC
$83,949.70-0.04%
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BTC price rose on October 13, but STRK continued to lag. A whale sold 26.31 million STRK at $0.0848, realizing a $184,000 profit, then opened a $11.12 million BTC long position at $81,819.90 with 40x leverage and a $79,000 stop-loss. BTC dominance remains strong as large capital continues to flow into Bitcoin.

Huo Xing Finance reports that on October 13, according to TradingBeats monitoring, BTC rebounded to approximately $83,626, reducing its 24-hour loss to 0.4%; STRK traded at $0.0875, still down about 18.1% over the past 24 hours. Since the start of today, BTC has risen approximately 1.1%, while STRK continued to decline by about 3.6%, showing a clear divergence in their recovery performance. Under this context, early this morning, one address liquidated approximately 26.31 million STRK long positions at an average closing price of $0.0848. After experiencing significant unrealized profit retracement, it realized a net profit of approximately $184,000. Subsequently, this whale established a new BTC long position worth $11.119 million at an average price of $81,819.90, with current unrealized profits reaching approximately $245,000 (+89%). The new position maintains 40x isolated leverage and includes a full-position market stop-loss order triggered at $79,000.

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