High Win Rate Whale Targets BTC: $21M in Profits and 40x Short Position Unveiled

BTC

BTC/USDT

$71,354.77

+3.55%

$71,354.77

+3.55%

(24s)

24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short

65.5%

Long: 65.5%Short: 34.5%

Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$71,351.87

▲ 2.98%

Volume (24h): -

Resistance Levels

Resistance 3$79,008.03

Resistance 2$75,548.63

Resistance 1$72,179.52

Price$71,351.87

Support 1$70,589.27

Support 2$67,300.00

Support 3$62,909.86

Pivot (PP):$70,598.27

Trend:Downtrend

RSI (14):35.3

On May 21st, COINOTAG News reported a significant development in the cryptocurrency market. An address known for its high-performance trading strategy, designated as “High Win Rate Whale,” has executed a 40x short position on Bitcoin (BTC) amidst a recent surge. At 4:00 a.m., this entity made a strategic deposit of 2.3 million USDC, now holding an impressive 826.18 BTC, valued at around $88.41 million. The initial entry price was recorded at $107,091.9, with a liquidation threshold set at $108,500, placing the current unrealized profit and loss (PnL) at approximately $68,000. This notable position is currently pitted against the interests of renowned trader James Wynn, indicating a highly competitive trading environment where both parties remain in a profitable trajectory.