ME News reports that, as of May 26 (UTC+8), according to Hyperinsight monitoring, a major short position holder has fully closed all their BTC and ETH short positions, which totaled over $13.6 million, realizing a profit of approximately $132,000. Immediately after closing these positions, the address opened a long position of 112.7 BTC with 40x leverage, worth approximately $8.72 million at an average price of $77,490 and a liquidation price of $76,555. Address: 0xdfbdbc3ab86f6939cd303ea2b7f9c1b3a4e0685f (Source: BlockBeats)
Whale Closes $13.6M Short Position, Goes 40x Long on BTC
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Summary
On-chain trading signals indicate that a major whale closed $13.6 million in short positions for BTC and ETH on May 26 (UTC+8), realizing a $132,000 profit. The same address then opened a 40x leveraged long position of 112.7 BTC, worth $8.72 million at $77,490 per BTC, with a liquidation price at $76,555. This move aligns with a long-term investment strategy. Address: 0xdfbdbc3ab86f6939cd303ea2b7f9c1b3a4e0685f (Source: BlockBeats).
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