Bitcoin whale trims longs after closing 2,782.977 BTC worth $205 million

On-chain analyst Ai Yi said the trader known as "先定 10 个大目标" cut another 1,365.317 BTC, leaving 52.352 BTC and turning the trade into an almost $9.895 million profit after an earlier June 4 loss.

BTC

Summary

A Bitcoin whale known as "先定 10 个大目标" has further reduced a leveraged long position, closing another 1,365.317 BTC seven hours before BlockBeats' June 12 report, which cited on-chain analyst Ai Yi. The trader has now cumulatively closed 2,782.977 BTC in longs worth $205 million, with 52.352 BTC still open. Ai Yi said the trade has generated nearly $9.895 million in profit overall, after the trader had previously lost $6.685 million on a 3,072.127 BTC long on June 4. The latest activity suggests the position has been almost fully unwound, highlighting how large crypto bets can swing quickly from steep losses to gains as market conditions shift.

Terms & Concepts
  • on-chain analyst: A researcher who tracks blockchain data to study wallet activity and trading behavior.
  • long position: A trade that profits if the price of an asset rises.
  • whale: A trader or holder with a large enough position to draw market attention.