🐋 LINK whale up $1.67M: Holding ~$5.9M worth—is that impressive?
An on-chain whale (wallet 0xdd7a…8830) is holding a leveraged long position in Chainlink ($LINK ) with a notional value of around $5.90 million, using 10x leverage. They’re currently sitting on a massive unrealized profit of around $1.67 million.
What’s notable is that the liquidation price—the price at which the position would be automatically closed due to insufficient margin—is quite far away, at ~$5.6874, about 57.4% below the current price. With actual margin of only around $590K, this whale seems relatively safe. Do you think they’ll take profits or keep holding LINK in anticipation of another big move?
For informational purposes only, not investment advice. DYOR.
#LINK
An on-chain whale (wallet 0xdd7a…8830) is holding a leveraged long position in Chainlink ($LINK ) with a notional value of around $5.90 million, using 10x leverage. They’re currently sitting on a massive unrealized profit of around $1.67 million.
What’s notable is that the liquidation price—the price at which the position would be automatically closed due to insufficient margin—is quite far away, at ~$5.6874, about 57.4% below the current price. With actual margin of only around $590K, this whale seems relatively safe. Do you think they’ll take profits or keep holding LINK in anticipation of another big move?
For informational purposes only, not investment advice. DYOR.
#LINK