According to recent data from COINOTAG News, dated March 17th, the renowned “50x Leverage Whale” has initiated a significant BTC short position on Hyperliquid, entering at a price point of $83,923.2. As Bitcoin’s price fluctuated around this threshold, the whale has effectively employed a TWAP (Time-Weighted Average Price) strategy to strategically exit their position. This method has allowed the trader to liquidate 342.67 BTC to realize profits steadily. The whale’s current short position stands at approximately $428 million, reflecting a floating profit of around $3.06 million. Such maneuvers highlight the sophistication of institutional trading strategies within the cryptocurrency market, emphasizing the need for traders to remain vigilant about market trends and price movements for optimal capital management.
Timely, reliable coverage of breaking news, insights, and analyses on Bitcoin and cryptocurrencies since 2018.
Disclaimer: The information provided on COINOTAG NEWS is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
© COINOTAG News 2024