🚨 A Bitcoin whale is sitting on a nearly $2.6M loss, with liquidation just 90% away!
A massive ~$8.4M Bitcoin ($BTC ) long position from wallet 0x8607…08d5 is under heavy pressure. The whale is currently sitting on an unrealized loss of over ~$2.6M. Despite its large notional size and 29x leverage, the actual margin is only ~$289.7K.
What’s noteworthy is that the position’s liquidation price is ~$8,115.70, meaning Bitcoin would need to drop about 90.3% from its current price for the position to be “wiped out” (liquidated). This pressure could trigger significant volatility if the market moves against the position.
If it were you, would you cut your losses or keep holding on until the end?
For informational purposes only, not investment advice. DYOR.
#BTC #SwitzerlandApprovesFirstBitcoinETF
A massive ~$8.4M Bitcoin ($BTC ) long position from wallet 0x8607…08d5 is under heavy pressure. The whale is currently sitting on an unrealized loss of over ~$2.6M. Despite its large notional size and 29x leverage, the actual margin is only ~$289.7K.
What’s noteworthy is that the position’s liquidation price is ~$8,115.70, meaning Bitcoin would need to drop about 90.3% from its current price for the position to be “wiped out” (liquidated). This pressure could trigger significant volatility if the market moves against the position.
If it were you, would you cut your losses or keep holding on until the end?
For informational purposes only, not investment advice. DYOR.
#BTC #SwitzerlandApprovesFirstBitcoinETF