A whale has built a $150 million long position in Bitcoin using 3x leverage, according to a Techub News flash citing @cryptorover. The position has generated about $10 million in unrealized profit over the past seven days. The report also said the whale is still adding to the trade.
The update was brief and did not disclose the wallet address, entry price, liquidation level, or trading venue. It only stated the size of the BTC long, the leverage used, the seven-day floating profit, and that the position continues to increase. With no further details provided in the source item, the report remains limited to those disclosed figures and description.
A whale has opened a $150 million long position in Bitcoin with 3x leverage, according to Techub News, which cited @cryptorover.
The position has posted about $10 million in unrealized profit over the past seven days, and the whale is still increasing the position, the report said.
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