A whale’s Bitcoin long position worth about $70 million is now sitting just $400 away from its liquidation price, according to monitoring shared by Ember. The position was opened last night at $77,733, with the whale going long 911.5 BTC. The liquidation level for the trade stands at $76,308.
The update points to a highly leveraged BTC bet that has moved close to its risk threshold. No other details about the trader’s identity or platform were disclosed in the source. The report was cited by BlockBeats on Sept. 11.
A whale’s Bitcoin long position worth roughly $70 million is now just $400 away from liquidation, according to monitoring cited by BlockBeats on Sept. 11.
Ember said the trader opened the position last night at $77,733, going long 911.5 BTC. The liquidation price for the position is $76,308.
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.
