A whale returns to Bitcoin with a $98.3 million position and 40x leverage
This trader had previously made about $5.4 million in profits
And now he’s back and has opened a $98.3 million long position on $BTC
But there’s one number that makes the trade even more interesting
Liquidation price: $80, 785
This means that a position worth nearly $100 million has become extremely sensitive to any sharp movement in Bitcoin
The whale clearly doesn’t enter with small positions he puts tens of millions behind a single trend
Is this trade an attempt to capitalize on a new uptrend
Or could the 40x leverage put his previous profits
This trader had previously made about $5.4 million in profits
And now he’s back and has opened a $98.3 million long position on $BTC
But there’s one number that makes the trade even more interesting
Liquidation price: $80, 785
This means that a position worth nearly $100 million has become extremely sensitive to any sharp movement in Bitcoin
The whale clearly doesn’t enter with small positions he puts tens of millions behind a single trend
Is this trade an attempt to capitalize on a new uptrend
Or could the 40x leverage put his previous profits
