A major Bitcoin holder has executed a partial liquidation of 220 BTC from a highly leveraged long position during a recent market correction. This strategic move reduced exposure while preserving significant unrealized gains amidst price volatility.
The whale’s overall BTC holdings remain substantial at 2,597 BTC, valued near $282 million. The position originated at an entry price of $108,100 with liquidation protection at $105,300. Despite closing part of the 20x leveraged trade, an unrealized profit of $1.85 million persists on the remaining assets.
This calculated reduction demonstrates sophisticated risk management techniques utilized by large-scale investors during market turbulence. The whale’s activity offers valuable insights into institutional trading strategies and serves as a notable indicator for market sentiment analysis among traders monitoring high-stakes cryptocurrency positions.