ImportantWhale Liquidates $110 Million BTC Long Position, Subsequently Opens $45.8 Million Long Position on US Stocks

Per on-chain monitoring, the 1,360 BTC (approximately $110 million) long position held by a whale had a market stop-loss order placed at $80,500 that was ultimately not triggered. At 4 AM, BTC briefly dropped to $80,684, just $184 away from the stop-loss price, before halting further downside movement. At 5 AM, the whale closed the BTC long position at $80,949, incurring an approximate loss of $3.26 million. The whale then shifted exposure to US equities, opening a $45.8 million long position with underlying assets including TSLA, DRAM, and SOXL. The liquidation price for this long position is set at $80,034.

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BTC

• #Whale
• #Derivatives