Investing whale holds $103 million in Bitcoin short positions, has made a profit of $7.08 million.

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Recent monitoring shows that an investor who has made significant achievements in shorting currently holds short positions in Bitcoin worth $103 million, equivalent to approximately 1,007 Bitcoins. The investor's entry price was $108,467.1, and the liquidation price is $113,155.06. As of now, this trade has already brought a paper profit of $5.74 million, while also earning an additional $1.34 million through funding fees.

Analysts believe that the investor's profit-taking target may be set between $93,622 and $94,616. It is worth noting that this is not the first time the investor has made substantial returns in the Bitcoin market. Reportedly, he has previously earned approximately $14.96 million through four shorting operations on Bitcoin.

This series of successful trades has sparked widespread attention in the market. Some believe that the investor may possess unique market insights or advanced analytical tools that enable them to accurately grasp market trends. However, experts also warn that the cryptocurrency market carries high risks and significant volatility, and even experienced investors may face losses.

Regardless, the actions of this investor undoubtedly provide a case worth studying for market participants, demonstrating how to achieve profits through precise strategies and risk management in the highly uncertain cryptocurrency market.

BTC-0.4%
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CryptoNomicsvip
· 9h ago
*sigh* applying bayesian probability to their entry points suggests 89.7% mean reversion likelihood... amateurs calling this "insight"
Reply0
CryptoComedianvip
· 08-15 15:48
Both bulls and bears are suckers, and they have already made 14.96 million!
View OriginalReply0
TokenAlchemistvip
· 08-15 15:47
alpha is like poetry... u gotta feel the liquidation cascades
Reply0
CommunityJanitorvip
· 08-15 15:42
Is this short order really that stable?
View OriginalReply0
SchrodingerWalletvip
· 08-15 15:41
Whale is just a Whale, indeed lying down and winning.
View OriginalReply0
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