【Whale Tracking】 Yesterday, the largest BTC short seller's quick sell-off strategy paid off, with profits of approximately $974,000 bagged.
BlockBeats News, July 17th, according to Hyperinsight monitoring, yesterday, the leading whale who opened a short position of about $45.9 million in BTC smoothly took profit and exited. This morning, BTC fell below its preset take-profit level of $63,500, triggering a full liquidation.
Comparing to the entry average price of around $64,939.8, this short position has realized a profit of about $0.974 million; after deducting a total of about $0.033 million in opening and closing fees, a net profit of about $0.941 million was made.
After being dormant for more than 20 days, the address re-entered the market yesterday, establishing a BTC short position with 5x leverage and setting take-profit at different levels and stop-loss. In the early morning today, it further tightened the risk control, adjusting the full take-profit trigger to $63,500. Subsequently, the market moved downwards as expected, and the take-profit strategy was smoothly executed.
From opening the position yesterday, setting take-profit and stop-loss, to triggering the liquidation today, this short position was held for about 29 hours. As of the time of writing, the address has cleared its position with no outstanding orders; BTC is trading at around $63,533.5, and the whale has temporarily left the scene.
Yesterday's News: [Whale Discovery] Which way will BTC go in the short term? Today's largest new position writes a three-act play for $45.9 million
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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