A whale’s 97.15 BTC 3x long position is now sitting on an unrealized loss of over $680,000.
According to on-chain data cited in an Odaily flash report, the position’s average entry price is $71,035, its liquidation price is $48,004, its current value is about $6.22 million, and its return is -29.64%.
· The liquidation price of $48,004 is well below the entry price of $71,035, so the price still has a long way to fall before liquidation.
· With 3x leverage, adverse price movements are magnified, which is why the loss has already reached -29.64%.
Which are you more focused on: how far away the liquidation price is, or the change in the position’s value?
$BTC
According to on-chain data cited in an Odaily flash report, the position’s average entry price is $71,035, its liquidation price is $48,004, its current value is about $6.22 million, and its return is -29.64%.
· The liquidation price of $48,004 is well below the entry price of $71,035, so the price still has a long way to fall before liquidation.
· With 3x leverage, adverse price movements are magnified, which is why the loss has already reached -29.64%.
Which are you more focused on: how far away the liquidation price is, or the change in the position’s value?
$BTC
