Whale 'Xian Ding Shiyi Da Mubiao' Adds 2,933.63 BTC, Realizing a $209,000 Unrealized Profit

iconKuCoinFlash
Share
AI summary iconSummary
On July 24, whale activity saw 'Xian Ding Shiyi Da Mubiao' acquire 2,933.63 BTC at $64,940.14, establishing a $190 million position with a $209,000 unrealized profit. The whale switched from a short to a long position, citing a bullish take-profit strategy for BTC, with the key support level at $60,000 cited as the rationale for the move.

ME News reports that, on July 24 (UTC+8), according to Ai Yi monitoring, the whale “Set Ten Big Goals First” has temporarily increased their long position to 2,933.63 BTC, with an entry price of $64,940.14, resulting in a total position value of $190 million and an unrealized profit of $209,000. Previously, the whale “Set Ten Big Goals First” posted on X explaining that after closing their short position, they immediately opened a long position because their long-term bullish outlook on BTC remains unchanged. They noted that $60,000 was a key breakout level in the previous bull cycle and serves as their primary cost support zone in this cycle. (Source: ODAILY)

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.