Bitcoin Whale 0x93115 Reverses From 40x Short to 40x Long, Hyperinsight Says
According to the latest update, the trader has partially closed the 190 BTC long for profit while still holding a large Bitcoin position and has also exited a separate gold long.
BTC
Fact Check
The claim is directly supported by real-time monitoring reports from Hyperinsight as published by BlockBeats. The specific details regarding the 40x leverage, the reversal from short to long, the 190 BTC amount, the partial profit-taking at $71,004, and the exit of the gold position are all documented in the provided sources.
Summary
Hyperinsight previously reported that Bitcoin whale 0x93115 reversed from a 40x short to a 40x long position on 190 BTC. The latest update says the trader partially closed that 190 BTC long at an average price of $71,004, realizing about $340,000 in profit. After reducing the position, the whale still held a Bitcoin long worth $27.6 million with about $726,000 in unrealized profit, based on an average entry price of $69,220. The update also said the trader fully closed a separate $3.1 million gold long on March 25.
Terms & Concepts
- 40x leverage: A trading setup that amplifies exposure by 40 times, increasing both potential gains and liquidation risk.
- Liquidation price: The price level at which an exchange can automatically close a leveraged position to limit further losses.
- BTC whale: A market participant holding or trading a large amount of Bitcoin, often large enough to draw market attention.