BTC almost squeezed this 40x short out😬.
As $BTC pushed higher, gambler 0xff84 had to cut part of the massive short to avoid getting liquidated.
The position is still huge:1,542.56 BTC SHORT, Position value: ~$98.92M, Leverage: 40x, Entry price: $63,999.20, Liquidation price: $64,225.30, Unrealized loss: $197,083, Funding paid: $76,692.63 .
The whale originally had around 1,793 #BTC short, but closed part of it just in time as BTC moved toward the liquidation zone.
Even after cutting the po...
One thing I’m watching closely on Ethereum:
an exchange is getting very close to its 5% $ETH accumulation target, and its buying pace has already slowed significantly.
The latest purchase was just 7,391 $ETH
{future}(ETHUSDT)
, compared with 100K+ ETH weekly buys earlier this year.
If this exchange eventually stops accumulating, ETH could lose one of its biggest sources of consistent demand.
But if they keep buying beyond the 5% target, that could tell a very different story.
Either way, ...