🐋 XMR whale is nearly $1 million in profit—take profits or keep holding?
This morning, while browsing on-chain data, I spotted a whale wallet (0x615a…69d5) holding a long position worth $3.72M (4x leverage). What’s remarkable is that they’re sitting on a massive profit of nearly $947.8K from this position alone!
Looking at at the current price of ~$531.2800, this position’s liquidation price is ~$387.3149, about 27.1% lower. Although the position is large, the margin (actual funds deposited) is only around $929.7K, so a further move of nearly 30% against them could result in liquidation. This is truly a high-stakes game.
If you were in their shoes, with nearly $1 million in profit, would you take profits or risk holding on for even bigger gains?
For informational purposes only, not investment advice. DYOR.
#XMR $XMR
This morning, while browsing on-chain data, I spotted a whale wallet (0x615a…69d5) holding a long position worth $3.72M (4x leverage). What’s remarkable is that they’re sitting on a massive profit of nearly $947.8K from this position alone!
Looking at at the current price of ~$531.2800, this position’s liquidation price is ~$387.3149, about 27.1% lower. Although the position is large, the margin (actual funds deposited) is only around $929.7K, so a further move of nearly 30% against them could result in liquidation. This is truly a high-stakes game.
If you were in their shoes, with nearly $1 million in profit, would you take profits or risk holding on for even bigger gains?
For informational purposes only, not investment advice. DYOR.
#XMR $XMR