BTC Whale Closes $9.28M Profit and Shifts to $174M 50x ETH Long Position

On March 12, COINOTAG News reported significant movements in the cryptocurrency market, particularly involving a prominent trader identified as @ai_9684xtpa. The **50x leveraged position** that accrued an impressive **$9.28 million profit** from Bitcoin (BTC) has been completely liquidated. Interestingly, this profit was reinvested into Ethereum (ETH). The trader’s new strategic position now encompasses a long position of **91,200 ETH**, collectively valued at approximately **$174 million**. Notably, this position has a liquidation price set at **$1,846.1**, highlighting a calculated risk in the current volatile market. Such maneuvers underlie the ongoing trend where traders are increasingly focusing on ETH amid its robust price performance. As the cryptocurrency environment evolves, monitoring such **high-profile trades** is essential for grasping market dynamics and possible future price movements in the altcoin sector.