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40x leverage, mainly short-term positions; a certain address is going long with $38.67 million worth of BTC

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Odaily Planet Daily News: According to on-chain analysts Ai Yi monitoring, a certain address opened 603.71 BTC 40x long positions at 10:30 last night, worth $38.67 million, at an entry price of $64,469. It is currently down $259k unrealized. In addition, the same address placed $31.44 million limit long orders in the $63,500 to $63,674 range; if all orders are filled, total open positions will increase to $70.11 million. The address has previously focused mainly on short-term trading strategies, with most positions lasting only a few hours. This long order size is the sixth-largest of the year; if all are filled, it will become the largest size of the year.
BTC-2.13%
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