According to monitoring by the on-chain analytics platform Lookonchain (@lookonchain), a whale who previously "shorted 255 BTC" closed a long position worth $413 million today, locking in a total profit of $14.5 million. The specific transactions included: - Closing 2,453.62 Bitcoin (approximately $234 million) with a profit of $7.06 million, - Closing 31,256 Ethereum (approximately $104 million) with a profit of $5.4 million, - Closing 493,330 Solana (approximately $71.75 million) with a profit of $1.96 million, - And other cryptocurrency assets.
Whale Closes $413M Long Position, Locks $14.5M Profit
TechFlowShare
Summary
A whale executed a take-profit strategy by closing a $413 million long position, locking in $14.5 million in gains. The trade included 2,453.62 BTC ($234 million, $7.06 million profit), 31,256 ETH ($104 million, $5.4 million profit), and 493,330 SOL ($71.75 million, $1.96 million profit). Position trading over time allowed the whale to secure substantial returns across multiple assets.
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.