According to on-chain analyst Onchain Lens (@OnchainLens), the whale Evaded (@ICanPlug) opened a 40x short position of 525.34 $BTC one hour ago, with a position value of approximately $40.26 million. Additionally, two days ago, Evaded opened a 5x long position of 53,500 $ZEC, worth approximately $33.3 million, which is currently experiencing an unrealized loss of over $1.48 million.
Whale opens 525.34 BTC short position worth $40.26M
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Summary
Whale Evaded executed a 40x short position of 525.34 BTC in position trading, valued at $40.26 million. The trade occurred one hour ago. Two days earlier, the same whale opened a 5x long position of 53,500 ZEC worth $33.3 million, which is now down $1.48 million. Position sizing appears to be a key element of the whale’s strategy.
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