ChainCatcher reported, citing on-chain analyst @ai_9684xtpa, that wallet address 0x970…62a93 opened a $52.35 million long position at around 2:45 a.m. today during an upward move in the market. The position included 650 BTC, 500 ETH, and 900 ZEC. After the trade was opened, the market kept falling.
By this afternoon, the address had fully exited its ETH and ZEC long positions and also reduced its BTC holdings by 50 BTC, leaving the trade with an estimated realized loss of about $150,000. The wallet still holds 600 BTC, valued at about $45.82 million. Its entry price on the remaining BTC position was reported at $78,663.8, with an unrealized loss of about $1.42 million at the time of the update.
The report was attributed to monitoring by @ai_9684xtpa and published by ChainCatcher.
ChainCatcher, citing on-chain analyst @ai_9684xtpa, reported that wallet address 0x970…62a93 opened a $52.35 million long position at around 2:45 a.m. today during an upward market move. The position included 650 BTC, 500 ETH, and 900 ZEC.
The market kept falling after the position was opened. By this afternoon, the address had closed its ETH and ZEC longs and reduced its BTC position by 50 BTC, exiting that portion with an estimated loss of about $150,000.
The wallet still holds 600 BTC worth about $45.82 million. The reported entry price was $78,663.8, and the remaining position was showing an unrealized loss of about $1.42 million.
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