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Whale Address Opens $45 Million Bitcoin Long Position with 40x Leverage

Whale 0xab15 increases its Bitcoin long position to 752 BTC, aiming for a profit target of $120,000 amidst bullish market sentiment.

BTC

Summary

Whale address 0xab15 has boosted its Bitcoin long position to 752 BTC, valued at $86 million, with unrealized profits of $774,000. The investor has set a profit target of $120,000, reflecting a bullish outlook in the cryptocurrency market.

Terms & Concepts
  • Bitcoin long position: A trading strategy where an investor buys Bitcoin with the expectation that its price will rise.
  • whale address: A term used to describe a cryptocurrency wallet that holds a large amount of a particular asset, often influencing market movements.