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Bitcoin Long Position Liquidated at $109,892, Resulting in $12.49 Million Loss; Potentially Linked to High-Profile Whale Selling ETH for BTC After Seven Years of Dormancy
Summary: According to reports, a Bitcoin long position was liquidated at $109,892, resulting in a loss of $12.49 million. The recent sharp drop in BTC prices caused significant losses for long positions, with over $628 million liquidated in the past 24 hours, affecting more than 130,000 individuals. Analysts speculate that this may be linked to a ...
According to reports, a Bitcoin long position was liquidated at $109,892, resulting in a loss of $12.49 million. The recent sharp drop in BTC prices caused significant losses for long positions, with over $628 million liquidated in the past 24 hours, affecting more than 130,000 individuals. Analysts speculate that this may be linked to a high-profile whale who has been dormant for seven years selling ETH for BTC, as they still hold 67,118 BTC (worth $7.62 billion) on-chain.
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Link: Bitcoin Long Position Liquidated at $109,892, Resulting in $12.49 Million Loss; Potentially Linked to High-Profile Whale Selling ETH for BTC After Seven Years of Dormancy [Copy]
