Whale ‘pension-usdt.eth’ Reopens Leveraged Bitcoin Long Position Worth Over $3.9 Million
On February 22, the trader initiated a 58.12 BTC long at an average $67,908, using 3x leverage, after securing about $1 million profit from a prior position.
BTC
ETH
USDT
Summary
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Terms & Concepts
Whale: A term for an investor holding large amounts of cryptocurrency, capable of influencing market movements.
Long Position: A trading strategy where an investor buys an asset expecting its price to rise.
Leverage: The use of borrowed funds to increase potential returns, multiplying both gains and losses.