BTC whale switches from $91M short to 3x long position
Crypto Briefing
A major Bitcoin whale closed a $91 million short position at a loss and immediately opened a 3x leveraged long position.Summary
A prominent Bitcoin whale executed a significant strategy reversal, closing a 1,000 BTC short position valued near $91 million after incurring a $1.6 million loss. Following this closure, the whale immediately switched to a 3x leveraged long position, setting a liquidation price near $59,112. This move suggests increasing bullish sentiment among large holders, occurring while Bitcoin holds above crucial support levels despite recent market fluctuations. Bitcoin is currently trading around $91,500, showing an 11% gain over the last week.
(Source：Crypto Briefing)