A certain mega whale is shorting BTC worth $35.6 million, facing the greatest liquidation pressure among on-chain mega whales at the tens of millions level.

BTC3,28%

BlockBeats News, March 25 — According to Hyperinsight monitoring, among the whales holding over ten million USD on Hyperliquid, the address closest to liquidation price starts with 0xedf. The whale is currently short with 25x leverage on 500 BTC, approximately 35.6 million USD, with an average price of 70,274 USD. The liquidation price is at 72,685 USD, about 2.1% away from liquidation.

This whale has set 18 buy orders in the range of 71,240 to 72,420 USD, totaling about 500 BTC, planning to reduce positions and stop losses as BTC rises into this range. Meanwhile, it has also placed around 200 buy orders below, planning to take partial profits if BTC drops below 69,500 USD, with a target range extending down to 63,500 USD.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Bitcoin Spot ETFs Record $664M Net Inflows, Highest Single Day in Three Months

Bitcoin spot ETFs saw significant net inflows of $664 million on April 17, the largest in three months. BlackRock led the funds with $284 million, followed by Fidelity and ARK. Other products saw minimal contributions.

GateNews39m ago

Bitdeer Maintains Zero Bitcoin Holdings After Selling 177 BTC This Week

Bitdeer reported producing and selling 177 BTC in the week ending April 17, resulting in no net increase in its holdings, leaving the firm with a zero Bitcoin position.

GateNews1h ago

MicroStrategy Stock Rallies as Bitcoin Breaks $78K, Unrealized Gains Return to $1.37B

MicroStrategy's stock surged 13.83% as Bitcoin reclaimed $78,000, returning the company to an unrealized profit of $1.37 billion. The rise follows easing tensions in the Middle East and a broader rally in risk assets, despite criticism of its preferred stock.

GateNews3h ago

Morgan Stanley Purchases 177.76 BTC Worth $13.75 Million

Gate News message, Morgan Stanley bought 177.76 BTC worth $13.75M three hours ago. The firm now holds 1,347.54 BTC worth $103.94M in total.

GateNews5h ago

BTC fell below 77000 USDT

Gate News bot message, Gate quotes show that BTC fell below 77000 USDT, trading at 76961.6 USDT.

CryptoRadar6h ago
Comment
0/400
No comments