A significant Bitcoin holder has closed a 220 BTC leveraged position during recent market volatility, executing a strategic maneuver to lock in profits while maintaining substantial market exposure.
The whale liquidated a 20x leveraged long position worth approximately 220 Bitcoin after a minor price decline, demonstrating proactive risk management. Crucially, the trader retained an active 20x leveraged long position of 2,597 BTC, equivalent to roughly $282 million at current valuations.
Data indicates this ongoing position has an entry price of $108,100 per Bitcoin with a liquidation threshold set at $105,300. The remaining position currently shows unrealized profits totaling $1.85 million, reflecting the whale’s continued bullish stance that withstands short-term fluctuations.
Market analysts highlight such whale transactions provide critical insights into sophisticated trading strategies, particularly profit-taking methods during pullbacks without abandoning fundamental long positions. The move exemplifies complex position management techniques employed by large-scale investors navigating leveraged cryptocurrency markets.