A trader closed a long position of 125 BTC, incurring a loss of $404,000, and immediately opened a short position.

GateNews
BTC3,86%

BlockBeats News, January 19 — According to Hyperinsight monitoring, a trader closed a long position of 125 BTC at 14:11, incurring a loss of $404,000. Immediately afterward, they opened a short position, currently shorting 75 BTC (approximately $6.95 million) with 10x leverage. The entry price was $92,388.7, with an unrealized loss of $25,000.

This address primarily trades BTC perpetual contracts in full-coverage mode, frequently executing large-scale opening and closing trades with an aggressive trading style, achieving a total profit of $2.93 million over the entire cycle.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Humpback whales use the U.S.-Iran ceasefire for precise trading: Bitcoin longs and crude oil shorts both profit $5 million

A trader made about $5 million in a short period before the U.S.-Iran ceasefire agreement by rapidly profiting through simultaneously building leveraged positions in both the oil market and the crypto market. This operation highlights the high-risk, high-reward nature of leveraged trading, reflects how geopolitics can impact markets, and reminds investors to maintain strong risk-management awareness.

GateNews14m ago

Price predictions 4/6: SPX, DXY, BTC, ETH, BNB, XRP, SOL, DOGE, HYPE, ADA

Key points: Bitcoin rose above the $70,000 level on Monday, but analysts remain skeptical, expecting a drop below the $60,000 support. Several major altcoins have bounced off their supports, indicating demand at lower levels. Buyers pushed Bitcoin (BTC) above the $70,000 level, but

Cointelegraph18m ago

South Korea plans to regulate real-world assets and stablecoins, pushing for the legalization of digital assets

The Democratic Party of Korea plans to regulate tokenized real-world assets and stablecoins in the soon-to-be enacted “Framework Act on Digital Assets.” The proposal would require issuers to deposit assets with a trustee-managed trust institution, and classify stablecoins as a means of payment, subject to oversight by foreign exchange regulators. The bill bans earnings from idle stablecoins and calls for the development of interoperable technical standards, aiming to improve market transparency and safety. This marks an important step forward for South Korea’s digital asset regulation.

GateNews28m ago
Comment
0/400
No comments