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⛔️A massive whale nearly got liquidated by a “Heaven and Earth Needle”! Geopolitical news stirs things up, and trust in the crypto market has been overdrawn……
Two sudden breaking news items:
· Iran claims to have hit a U.S. military vessel.
· The U.S. military quickly refutes: it’s a fake report.
Amid the shock of these two pieces of news whose authenticity is hard to verify, the crypto market plunged “where it stood + a sudden vertical drop” within half an hour.
According to on-chain monitoring, during the downturn, a whale made a big add to a long position at $78,684.70, nearly triggering a liquidation.
Here are the current position details of this whale:
· Instrument: BTC perpetual contract (long)
· Size: 108.1 BTC
· Entry price: $78,684.70
· Position value: $8.5269 million
· Margin: $213,200
· Leverage: 40X, full position
· Liquidation price: $76,082.69（after the position reduction）
· Current unrealized profit/loss: +$23,900
At present, some on-chain whales have chosen to close their positions and wait and see. Such irresponsible reporting and information release will only further drain the market’s trust in all information.
$BTC