BTC Dominant Short Liquidation of $61 million, Plans to Close Remaining Shorts if Price Reaches $74,900
BlockBeats News, April 20, according to Hyperinsight monitoring, the address starting with 0x004 continued to reduce its BTC short position today. As of one hour before the publication, it had completed this round of profit-taking, closing a position of 808.8 BTC, equivalent to about $61 million.
Subsequently, the address placed a market price buy order, planning to liquidate the remaining $14.88 million position if the BTC price rebounds to $74,900. The average position entry price is $75,828, with the current unrealized profit of about $280,000 (+38%).
Address: 0x004edcd40360e293e4cf260d2ebdf8c7076c1bb8
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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