According to ChainCatcher, market reports monitored by Onchain Lens indicate that a whale who previously sold 255 BTC has fully closed its short positions and turned bullish on BTC, ETH, SOL, and FARTCOIN. The total value of the long positions amounts to $351 million. This includes 2,151.75 BTC (approximately $210 million), 29,823.51 ETH, 265,236.44 SOL, and 4.64 million FARTCOIN, with leverage ratios of 20x for the major cryptocurrencies and 10x for FARTCOIN.
Whale Closes Short Position, Goes Long on BTC, ETH, SOL with 20x Leverage
ChaincatcherShare
Summary
A whale has closed a 255 BTC short position and has turned bullish on BTC, ETH, SOL, and FARTCOIN, with a total position trading value of $351 million. The long position includes 2,151.75 BTC, 29,823.51 ETH, 265,236.44 SOL, and 4.64 million FARTCOIN, using 20x leverage for major coins and 10x for FARTCOIN. Position sizing reflects a high-risk, high-reward strategy.
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.