As of today, it seems that there is an increase in the cryptocurrency sector. The upward movements of the leading cryptocurrency Bitcoin (BTC) have led to the gradual recovery of altcoins.

Although some altcoins did not react to the recent rises, many products jumped an average of 5 percent today. The rise in altcoins increased the interest in the market.

How Many Dollars Did Whales Buy Bitcoin (BTC)?

As of today, it has been seen that the giant cryptocurrency exchange Binance has purchased BTC from the spot market. During these purchases by Binance, some whales opened long positions in BTC through the derivative market.

According to the latest information shared by Ki Young Ju, CEO of CryptoQuant, a successful data provider, whales opened a long position in Bitcoin at $ 29,200.

BTC, which was traded at $ 29,900 at the time our news was written, enabled large investors to make profits from Bitcoin long positions in a short time.

CryptoQuant CEO Ki Young Ju says that only a $27 million short position in Bitcoin was liquidated in the last 24 hours. Market makers can bring bigger rises in BTC for short liquidation.

As of now, investors who do not believe in the recent rises continue to open short positions. If Bitcoin remains above $30,000, it may enable short positions to be liquidated with significant increases.

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So who will benefit?

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I EXPLAIN IN DETAIL.

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WHEN WILL THE AWARD COME?

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https://www.binance.com/tr/activity/marketing-campaign/9560659da92844b29cdc9b4fdde1ea9d?_dp=L3dlYnZpZXcvd2Vidmlldz90eXBlPWRlZmF1bHQmbmVlZExvZ2luPWZhbHNlJnVybD1hSFIwY0hNNkx5OTNkM2N1WW1sdVlXNWpaUzVqYjIwdmRISXZZV04wYVhacGRIa3ZiV0Z5YTJWMGFXNW5MV05oYlhCaGFXZHVMemsxTmpBMk5UbGtZVGt5T0RRMFlqSTVZMlJqT1dJMFptUmtaVEZsWVRsaw==

You can find the details from the link above.

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