When the price of Bitcoin rebounds above $71,000, a trader opened a long position on 600 Bitcoins with 30x leverage, worth approximately $42.7 million. The position was entered at a price of $70,235.8, and has currently unrealized gains of about $570,000. If the price of Bitcoin drops to $66,942.69, this position could face a margin call.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
When the price of Bitcoin rebounds above $71,000, a trader opened a long position on 600 Bitcoins with 30x leverage, worth approximately $42.7 million. The position was entered at a price of $70,235.8, and has currently unrealized gains of about $570,000. If the price of Bitcoin drops to $66,942.69, this position could face a margin call.