News Explorer — Bitcoin Whale Makes Millions After Exiting $521M Short Position

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Mar 18, 4:12 pm

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Bitcoin Whale Makes Millions After Exiting $521M Short Position

A crypto whale closed over 300 leveraged short positions on Bitcoin, making a $3.9 million profit. Despite attempts by traders to boost Bitcoin's price above the liquidation level, the whale successfully exited the trades. The risky bet involved a potential wipeout of the whale's portfolio through one trade.

A crypto whale closed over 300 leveraged short positions on Bitcoin, making a $3.9 million profit. Despite attempts by traders to boost Bitcoin's price above the liquidation level, the whale successfully exited the trades. The risky bet involved a potential wipeout of the whale's portfolio through one trade.

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