On-chain analysis by Ai Yi reveals that four addresses, likely controlled by the same whale or entity, have collectively taken a long position on Bitcoin totaling 800 BTC. The positions, executed with 20x leverage, were initiated on June 26 and again today, with each address going long for 200 BTC. The total position exceeds $46.88 million, currently facing an unrealized loss of $450,000. The funding sources and operational methods of these addresses appear to be highly similar.
Whale Entity Goes Long on 800 BTC with $46.88 Million Position
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