A whale address 0x469e just took a long position of 17,100 LTC with 10x leverage, at an average entry price of $78.6, totaling approximately $1.36 million. This trade occurred during LTC’s recent rebound and again demonstrates this address’s typical hedge fund-style operation—frequent long and short switches, with a total cycle profit of $7.55 million.
Detailed Analysis of Large Leverage Orders
Entry Timing and Price Benchmark
Whale 0x469e entered the position today at 11:32, with an average entry price of $78.6, while LTC is currently trading at $79.04. Less than 30 minutes since entry, this long position has already shown a slight unrealized profit. This timing is noteworthy—just as LTC has gained 3.71% over the past 24 hours and is in a recent rebound phase.
Indicator
Data
Entry Price
$78.6
Current Price
$79.04
Unrealized Profit
Approximately 0.56%
Leverage
10x
Position Size
17,100 LTC
USD Value
About $1.36 million
Whale Trading Characteristics
Based on on-chain data, this address exhibits several clear features:
Hedge fund-style operation: skilled at both long and short trades, not committed to a single direction
Steady track record: total cycle profit of $7.55 million indicates disciplined trading
Frequent leverage use: 10x leverage is common for this address
Large trading scale: a $1.36 million position reflects strong risk tolerance
LTC Market Environment Analysis
Recent Price Trends
LTC’s recent performance shows a “short-term strength, long-term weakness” pattern:
1-hour increase: 0.96%
24-hour increase: 3.71% (significant rebound)
7-day decrease: 5.10% (mid-term correction)
30-day decrease: 1.65% (monthly weakness)
This indicates LTC has experienced a short-term rebound, but the medium-term trend has not fully reversed. The whale’s entry at this point suggests they see further upside during this short-term rally.
Market Size and Liquidity
LTC’s current market cap is $607 million, ranking 21st among cryptocurrencies. Its 24-hour trading volume is $936.85 million, up 44.49% from the previous day. This suggests market liquidity is improving, which is favorable for executing and closing large leverage positions.
Potential Market Impact
This $1.36 million, 10x leveraged long order is a noteworthy signal in the LTC market. On one hand, it reflects an experienced large trader bullish during the short-term rebound; on the other hand, the 10x leverage entails high risk—if LTC drops below $78, this position faces forced liquidation.
Recent reports indicate that such large leverage operations have been more active lately. Data shows multiple whale addresses engaging in similar high-leverage trades in recent days, with some profiting and others incurring losses, reflecting market sentiment fluctuations.
Summary
The key point of this trade is: a historically steady hedge fund-style whale has taken a $1.36 million long position with 10x leverage during LTC’s short-term rebound. This demonstrates the address’s short-term market judgment and hints at large traders’ expectations of further LTC appreciation. However, the high risk associated with 10x leverage warrants caution—any sharp market volatility could trigger liquidations. Future observations should focus on whether LTC can break through the current rebound high and on this whale’s subsequent actions.
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Whale bets $1.36 million with 10x leverage on LTC, hedge fund operation method with a historical profit of $7.55 million revealed
A whale address 0x469e just took a long position of 17,100 LTC with 10x leverage, at an average entry price of $78.6, totaling approximately $1.36 million. This trade occurred during LTC’s recent rebound and again demonstrates this address’s typical hedge fund-style operation—frequent long and short switches, with a total cycle profit of $7.55 million.
Detailed Analysis of Large Leverage Orders
Entry Timing and Price Benchmark
Whale 0x469e entered the position today at 11:32, with an average entry price of $78.6, while LTC is currently trading at $79.04. Less than 30 minutes since entry, this long position has already shown a slight unrealized profit. This timing is noteworthy—just as LTC has gained 3.71% over the past 24 hours and is in a recent rebound phase.
Whale Trading Characteristics
Based on on-chain data, this address exhibits several clear features:
LTC Market Environment Analysis
Recent Price Trends
LTC’s recent performance shows a “short-term strength, long-term weakness” pattern:
This indicates LTC has experienced a short-term rebound, but the medium-term trend has not fully reversed. The whale’s entry at this point suggests they see further upside during this short-term rally.
Market Size and Liquidity
LTC’s current market cap is $607 million, ranking 21st among cryptocurrencies. Its 24-hour trading volume is $936.85 million, up 44.49% from the previous day. This suggests market liquidity is improving, which is favorable for executing and closing large leverage positions.
Potential Market Impact
This $1.36 million, 10x leveraged long order is a noteworthy signal in the LTC market. On one hand, it reflects an experienced large trader bullish during the short-term rebound; on the other hand, the 10x leverage entails high risk—if LTC drops below $78, this position faces forced liquidation.
Recent reports indicate that such large leverage operations have been more active lately. Data shows multiple whale addresses engaging in similar high-leverage trades in recent days, with some profiting and others incurring losses, reflecting market sentiment fluctuations.
Summary
The key point of this trade is: a historically steady hedge fund-style whale has taken a $1.36 million long position with 10x leverage during LTC’s short-term rebound. This demonstrates the address’s short-term market judgment and hints at large traders’ expectations of further LTC appreciation. However, the high risk associated with 10x leverage warrants caution—any sharp market volatility could trigger liquidations. Future observations should focus on whether LTC can break through the current rebound high and on this whale’s subsequent actions.