Just detected a confusing operation on the on-chain BTC perpetual contract

A whale made an incredible start, leaving viewers stunned 👇

This guy opened a long position of 100 BTC at $76,222

The total position value is as high as $7.63 million, with 40x leverage, and less than $200k in margin.

But the outrageous part is:

He also placed two sell orders of 50 BTC each at $76,225 and $76,250,

The prices are almost right next to the long entry price.

While opening 100 BTC long, he also placed two sell orders totaling 100 BTC (split into two orders),

The prices are only a few dozen dollars apart.

Is he afraid of missing the market move, opening both long and short to find the direction?

Or did he simply not understand himself, slipping and hedging?

All we can say is, when whales are confused, the market might really be about to change direction.

Recommended to get comfortable and don’t follow blindly. 🛸

This article is an original analysis by "HarH"

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$BTC