A whale has opened a $15 million short position on BTC, with the current price less than $300 away from their take-profit point.
BlockBeats News, May 9th, according to Hyperinsight monitoring, Hyperliquid Whale, who is accustomed to using the Scalping strategy, briefly opened a 40x leveraged BTC short position, with a position size of $15.3 million. The entry price was $80,600, take-profit was set at $80,100, and stop-loss was set at $80,700.
This is the Whale's third time this week using a large position to profit from narrow price differences. Despite the multimillion-dollar position size, the total net profit from multiple operations is only about $8,000, with an overall account return rate of less than 2%.
Address: 0x6572bc26edf54a74bef243eff10d3fbe6d461eb7
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
Meta lost the lawsuit and may face a record fine of up to 219 billions dollars.
Meta lost a lawsuit in New Mexico, USA. The jury found that Meta engaged in deceptive practices regarding public communications and data privacy policies, violating state laws. The New Mexico Attorney General described the verdict as a "milestone moment" in holding tech giants accountable and will petition the court to impose a maximum civil fine of $219 billion on Meta. Meta stated that it disagrees with the verdict and will continue to defend itself.
Chinese Yuan: Consolidation with downside risk toward 6.7330 – UOB
New York Late Money Rates from The Wall Street Journal
Crypto prices
More
