🚨A whale goes long on Bitcoin with $70.4 million and 40x leverage
This trader opened a massive position
But the situation is now intriguing he entered at an average price of $77,733
and the current price is near $77, 237
This means the position is currently at an unrealized loss
And what’s more concerning is that the liquidation price is only around $76,299
This means even a slight further drop in $BTC could put this position under immense pressure
However, the account shows a 100% win rate
Did the whale catch the bottom and will it return to profit, or will the 40X leverage turn this trade into a disaster?
This trader opened a massive position
But the situation is now intriguing he entered at an average price of $77,733
and the current price is near $77, 237
This means the position is currently at an unrealized loss
And what’s more concerning is that the liquidation price is only around $76,299
This means even a slight further drop in $BTC could put this position under immense pressure
However, the account shows a 100% win rate
Did the whale catch the bottom and will it return to profit, or will the 40X leverage turn this trade into a disaster?
