A Whale Closes Short Position During Bitcoin Surge, Losing Over $1.6 Million
May 8 news, according to Lookonchain monitoring, a whale closed short positions during the Bitcoin surge, losing over $1.6 million. The whale had previously shorted BTC with 11x and 40x leverage. The position size reached $127.7 million, with liquidation prices of $104,600 and $103,470 respectively.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Maple undergoes brand integration, SYRUP becomes the sole governance token and will launch BTC yield product
THENA announces upgrade to V3.3, introducing new UI and voting mechanism
Stacks Releases New Roadmap: Includes DeFi Growth Plan and Enhancing STX Value
Trending news
MoreCrypto prices
More
