PANews, May 23: According to Onchain Lens monitoring, the whale Evaded has closed its long positions in HYPE, ZEC, and ETH, realizing a profit of $4.56 million, and has opened a new short position of 990 BTC (15x leverage), worth $74.5 million, with an unrealized profit exceeding $1 million.
Whale closes HYPE, ZEC, and ETH longs for $4.56M profit, shorts BTC for $1M float gain
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Summary
A whale known as Evaded executed a take-profit strategy by closing long positions in HYPE, ZEC, and ETH, securing $4.56 million. The trader then opened a 990 BTC short position with 15x leverage, valued at $74.5 million, resulting in a $1 million unrealized gain. Technical analysis for crypto suggests this move aligns with a broader trend of profit-taking in volatile markets.
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