A prominent Bitcoin whale, identified as 0xb31, has adjusted its investment strategy by reducing the leverage on its Solana (SOL) long position from 20x to 10x. This move has narrowed the whale's floating losses to $43.9 million. The whale's total position is valued at approximately $754 million, with $395.9 million in margin.
Key positions include a 5x leverage on Ethereum (ETH) long valued at $601 million, incurring a $387 million loss, and a 5x leverage on Bitcoin (BTC) long valued at $87.96 million, with a $35.2 million loss. The SOL position, now at 10x leverage, is valued at $64.67 million, with a $19.1 million loss. The whale, known for previously holding over 50,000 BTC, has implemented a stop-loss strategy influenced by political comments and policy changes.
BTC Whale Reduces Leverage on SOL Position, Losses Narrow to $43.9M
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