Odaily Planet Daily reports, according to on-chain analyst Yujin, a diamond-handed whale that held positions for nearly four months just closed out $100 million in long positions on BTC and ETH, realizing a profit of $17.78 million, and subsequently opened a short position of 20,000 ETH at $2,228, worth $44.6 million. The whale initially took long positions in early July, buying 1,000 BTC at $62,353 and 10,000 ETH at $1,762.
Whale closes $10M BTC and ETH long positions for a $17.78M profit, opens 20,000 ETH short
KuCoinFlashShare
Summary
Whale activity saw a major move as a long-term holder closed $10 million in BTC and ETH long positions, locking in a $17.78 million profit. The whale then opened a 20,000 ETH short at $2,228, totaling $44.6 million. The original longs were initiated in early July at $62,353 per BTC and $1,762 per ETH. This shift may test key support and resistance levels in the coming days.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.