A whale address added again to its Bitcoin long position about 50 minutes ago, according to monitoring data from EmberCN cited by Odaily. The position now stands at 1,662.5 BTC, with a notional value of roughly $108 million. Data shows the average entry price is about $63,958, leaving the position with an unrealized profit of around $1.38 million at current levels. The liquidation price is about $63,142, indicating that the position is using relatively high leverage and remains close to a forced closeout threshold. The update points to continued accumulation on the long side by the address, while also showing that the trade carries elevated liquidation risk because the buffer to the liquidation level is limited.
A whale address added again to its Bitcoin long position about 50 minutes ago, according to EmberCN monitoring cited by Odaily.
The BTC long has now reached 1,662.5 BTC, with a notional value of about $108 million. Data shows the position was opened at an average price of roughly $63,958 and is currently sitting on an unrealized profit of about $1.38 million.
Because the position is using relatively high leverage, its liquidation price remains close to the current market price, at around $63,142.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
