STRK couldn’t hold up; whale rotates into BTC
Early this morning, one address closed out 26.31 million STRK long positions in a single move at $0.0848, locking in about $184,000 in net profit. It then opened a new $11.119 million BTC long at an average price of $81,819.9, using 40x isolated margin, with a market stop-loss on the entire position set at $79,000.
STRK is down 18.1% over the past 24 hours, while BTC has narrowed its losses to just 0.4%. STRK is down another 3.6% today. Money is moving out of weaker coins and into BTC, which offers greater liquidity and resilience. The $79,000 stop is about 3.5% below the current price, suggesting this position is aimed at a quick profit.
For those of you holding STRK with an average cost above $0.10: at $0.0875, are you selling or buying more?
$STRK $BTC $ETH
Early this morning, one address closed out 26.31 million STRK long positions in a single move at $0.0848, locking in about $184,000 in net profit. It then opened a new $11.119 million BTC long at an average price of $81,819.9, using 40x isolated margin, with a market stop-loss on the entire position set at $79,000.
STRK is down 18.1% over the past 24 hours, while BTC has narrowed its losses to just 0.4%. STRK is down another 3.6% today. Money is moving out of weaker coins and into BTC, which offers greater liquidity and resilience. The $79,000 stop is about 3.5% below the current price, suggesting this position is aimed at a quick profit.
For those of you holding STRK with an average cost above $0.10: at $0.0875, are you selling or buying more?
$STRK $BTC $ETH