On April 9, Hyperinsight monitoring showed that a whale address starting with 0xe84 opened a short-term 40x leveraged long position on BTC worth $3.55 million at an average price of $70,965, with a liquidation price of $69,226. The address has placed a sell order of approximately $1.94 million at $70,800 to partially take profit.
Whale Address 0xe84 Opens a 40x Leverage BTC Long Position with a Stop-Loss Order
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Summary
On April 9, whale address 0xe84 opened a 40x leverage trading position in BTC totaling $3.55 million at $70,965. A stop-loss strategy is in place, with liquidation triggered at $69,226. The whale also placed a $1.94 million sell order at $70,800, indicating a planned partial exit. Leverage trading remains a key tool for large players navigating volatile markets.
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