According to on-chain analyst Ai Yi, the 397.718 Bitcoin order was posted by @Jason60704294 after Bitcoin briefly neared $80,000 and then fell below $78,000.
A large Bitcoin trader placed a 397.718 BTC long order valued at $30.89 million at an entry level of $77,686.5. According to on-chain analyst Ai Yi, the order was posted by @Jason60704294 after Bitcoin briefly approached $80,000 before retreating below $78,000. A long position is a directional trade that profits if the asset price rises, and the trade highlights how large holders, often called whales, can position around sharp moves in the Bitcoin market.