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「Whale Fails to Long 30 Times in a Row」 Turns to Short BTC and Quickly Liquidates, Holding Over $9.15 Million
BlockBeats News, January 12th, according to Hyperinsight monitoring, an address labeled as "30 Longs Liquidated Multiple Times" (0x8d0E) rapidly opened a new BTC short position and quickly rolled it over to go short in a short period of time.
The address first opened a 69.34 BTC short position at a price of approximately $91,091.7. About 4 minutes later, as the price dropped, they added 31.56 BTC to the short position, worth about $2.842 million. After the rollover, their total BTC short position reached $9.1553 million, with an average holding price of $91,022.30, currently showing a floating profit of about $28,900, with a liquidation price of $146,687.61.
Following the sharp drop on October 11th, this address frequently engaged in intraday longing operations, accumulating over 30 longs by December, showing an overall pattern of big losses and small gains.
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