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- 📢 Gate Square #Creator Campaign Phase 2# is officially live!
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The giant whale opening a Short on Bitcoin added 30 million Dollars to its position at these prices! - Coin Bulletin
According to Lookonchain's analysis, a crypto whale opened a total short position of 30.7 million dollars through two different wallets while the Bitcoin price was rising.
One of the important data providers in the cryptocurrency markets, Lookonchain, reported that a large whale made a notable move following the recent increase in the price of Bitcoin (BTC). It was observed that a significant amount of short positions were opened through two different wallets believed to belong to the same whale.
According to the data shared by Lookonchain, this giant whale opened a total Bitcoin short position worth 30.7 million dollars by entering at levels of 94,893 dollars and 94,830.5 dollars. This move indicates that the whale expects a decline in the price of Bitcoin in the near term.
New move after the previous short position
It is stated that this move follows the positions opened earlier on April 23. The same wallets, which are thought to belong to a whale, previously opened a total position of 74.5 million dollars with 6x leverage at levels of 92,469.1 dollars and 92,664.8 dollars. The liquidation prices of these previous positions were recorded as 107,220 dollars and 107,160 dollars, respectively.