ChainCatcher report, according to monitoring by ai_9684xtpa, the address 0x970…62a93 opened a long position worth $52.35 million around 2:45 AM today during an upward trend, including 650 BTC, 500 ETH, and 900 ZEC. However, the market continued to decline after the position was opened. The address closed its ETH and ZEC long positions and reduced its BTC holding by 50 coins this afternoon, exiting with a loss of approximately $150,000. It currently holds 600 BTC, valued at approximately $45.82 million, with an entry price of $78,663.80 and an unrealized loss of about $1.42 million.
Whale Incurs $1.42M Unrealized Loss After Opening Bitcoin Long Position
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Summary
Whale activity trading saw a major player incur a $1.42M floating loss after opening a $52.35M long position in Bitcoin, Ethereum, and Zcash at 2:45 AM. The whale closed their Ethereum and Zcash positions and reduced their Bitcoin holdings by 50%, exiting with a $150K loss. Still holding 600 BTC worth $45.82M, the whale’s stop-loss strategy failed to prevent the downturn.
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