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Buying the exchange rate during a sideways decline period, this strategy is counterintuitive but truly profitable
The current position size is $25.3104 million, with an average price of $70,609.90, and a current profit and loss of $2.2668 million (+358.24%).
The current BTC price is $77,555.90, and the liquidation price is $21,739.02.
This whale has long relied on market oscillations during downward trends to profit from BTC and altcoin exchange rates, now holding a combined $50 million long position in BTC and short position in HYPE, with a total cycle profit exceeding $37 million.