A contract whale switched from a long to a 3x short position on bitcoin, with a position size reaching $28.44 million.
BlockBeats news, on March 2, according to Hyperinsight monitoring, contract whale pension-usdt.eth closed all its long positions when bitcoin rebounded to $66,200, and started to open short positions when it rose to $69,134. Currently, it is shorting 410 bitcoins with 3x leverage, the position value is $28.44 million, liquidation price is $147,679, and entry price is $69,334.
As of the time of publication, pension-usdt.eth is still continuously increasing its position.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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