$BTC AFTERNOON RAID: SHORT FIZZLES, WHALE TURNS LONG 12X
🔸 Address 0x604…0b21d previously had Shorted BTC around $45.17M during 24 - 25/8 and took a loss of about $831K before closing the position. But instead of continuing to bet on further price decline, this whale suddenly flipped to Long.
🔸 The Long position is currently up to 554.72 BTC, worth about $43.81M, using 12X leverage. Entry price is around $80,140.6, while the marked price on Hyperliquid is about $78,978, causing the position to be temporarily down by roughly $644K.
🔸 Notably, this position uses up to $3.65M in margin, with a liquidation price around $72,408. That means there’s still a relatively large gap before the position gets liquidated, but with 12X leverage, a sharp downward move could quickly increase pressure.
If the Short is wrong, switch the car to Long.
This post is for informational purposes only and does not constitute financial advice.
🔸 Address 0x604…0b21d previously had Shorted BTC around $45.17M during 24 - 25/8 and took a loss of about $831K before closing the position. But instead of continuing to bet on further price decline, this whale suddenly flipped to Long.
🔸 The Long position is currently up to 554.72 BTC, worth about $43.81M, using 12X leverage. Entry price is around $80,140.6, while the marked price on Hyperliquid is about $78,978, causing the position to be temporarily down by roughly $644K.
🔸 Notably, this position uses up to $3.65M in margin, with a liquidation price around $72,408. That means there’s still a relatively large gap before the position gets liquidated, but with 12X leverage, a sharp downward move could quickly increase pressure.
If the Short is wrong, switch the car to Long.
This post is for informational purposes only and does not constitute financial advice.
