Huo Xing Finance reports that, according to on-chain analyst Aunt Ai (@ai_9684xtpa), a whale who took a 40x long position in BTC worth $38.67 million began at the end of yesterday evening and cut losses after just 18 hours, incurring a single loss of $368,000. The position was opened at $64,469 and stopped out at $63,859—a drop of only 1%.
Whale Cuts Losses on $38.6M BTC 40x Long Position After 18-Hour Hold
MarsBitShare
Summary
Whale activity triggered a significant BTC price movement as a trader closed a 40x leveraged long BTC position worth $38.67 million on July 24. The whale entered the trade at $64,469 and exited at $63,859 after an 18-hour holding period, incurring a $368,000 loss. The BTC price dipped 1% during the trade, triggering the stop-loss. Whale activity in the BTC market remains a key indicator of short-term volatility.
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