BlockBeats news, February 26 — According to Coinbob’s hot address monitoring, in the past half hour, the large whale “pension-usdt.eth” has fully closed its BTC long position of approximately $68.6 million, realizing a profit of about $590,000.
This long position was opened three days ago, with an entry price of around $67,900. After opening, the market briefly declined, causing the address to be in floating loss, with a peak loss of over $3 million. As BTC continued to rise sharply in a short period, its position turned profitable. The address quickly closed the position to lock in profits.
This whale’s strategy typically involves low leverage and short-term heavy trading (average holding around 30 hours) in BTC and ETH. Since October last year, its cumulative profit has exceeded $24 million.
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
Why JP Morgan Sees Bitcoin Beating Gold Long Term?
The global financial world just received a powerful signal. A four trillion dollar banking giant now sees Bitcoin differently. JP Morgan has publicly stated that Bitcoin looks more attractive than gold for the long term. That statement carries serious weight in the Bitcoin vs gold debate.
For
Coinfomania4m ago
U.S. publicly traded company AEHL launches the Digital Asset Allocation "Genius Plan" and completes its first purchase of $1 million worth of BTC
Antelope Enterprise Holdings Limited (AEHL) officially launches the Digital Asset Allocation "Genius Plan," having completed its first purchase of $1 million worth of BTC. The goal is to build a Bitcoin holding system through phased accumulation, explore the linkage model between Wall Street capital and digital assets, and buy the dip to respond to market declines.
GateNews20m ago
Bitcoin Tests Key Resistance: Is a Fifth Wave Drop Coming?
_Bitcoin trades at $66827 near $68500 resistance with 507M ETF inflows as traders monitor 60000 support and fifth wave risk._
Bitcoin is testing a critical resistance zone after stabilizing above multiweek support. Traders are assessing whether the move signals continuation or another leg
LiveBTCNews34m ago
U.S. Bitcoin Spot ETF saw a net outflow of $206.6 million in February
BlockBeats News, March 1st, according to Farside Investors monitoring, U.S. Bitcoin spot ETFs experienced a net outflow of $206.6 million in February. Among them:
· FBTC outflow of $277.6 million; GBTC outflow of $169.9 million; IBIT outflow of $150.4 million;
· BTC inflow of $198.3 million; BITB inflow of $114.4 million.
GateNews45m ago
Bitwise: Bitcoin investors need to hold for at least 3 years to avoid losses, with nearly a 50% chance of loss from short-term trading
Analysis by Bitwise Asset Management shows that holding Bitcoin for at least three years reduces the probability of loss to 0.70%, and five years lowers it further to 0.2%. In comparison, investors holding for less than three years face a higher risk of loss. The current Bitcoin price is around $65,000, but investors holding for three to five years still have a 90% unrealized profit.
GateNews53m ago
Bitcoin Did Not Crash Because of Jane Street, Galaxy Research Says - U.Today
Alex Thorn from Galaxy Research dismissed claims that Jane Street caused Bitcoin's price crash, labeling such theories as "Twitter cope." He argued that negativity from Wall Street about Bitcoin is misguided but real, emphasizing the lack of incentive for Jane Street to suppress prices.
UToday55m ago