BTC Long Position Holds $72.3M Amid Market Decline Despite Massive Profit Erosion
Main Idea
The 0x0558 address liquidated all ETH long positions and retains 640 BTC longs worth $72.3 million amid a market decline, with profits dropping from $18 million to $494,700.
Key Points
1. The 0x0558 address fully closed ETH long positions due to a sharp market downturn on August 2nd.
2. Currently, the address holds 640 BTC long positions valued at $72.3 million.
3. Profits for the address plummeted from over $18 million to just $494,700 within five days.
4. The liquidation highlights the high volatility and risks in crypto trading, emphasizing the need for risk management.
5. Despite the market decline, the BTC long position remains open, representing a significant stake in BTC's future.
Description
Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! Due to recent
Latest News
- Bitcoin Holds $115K Support Zone as Liquidity Builds Near $120K Resistance, Downside Risk Remains2025-08-03 03:50:30
- Bitcoin Surges Beyond $100,000 for 40 Days and Stays Above $110,000 for 24 Days Straight2025-08-03 03:28:32
- Ethereum Consolidates Near $3,500 After 60% Rally, Approaching Potential $4,000 Resistance Breakout2025-08-03 03:28:13
- Whale 0xab15 Opens Massive 40x Leveraged Long on BTC Worth $45M Targeting $125,0002025-08-03 03:16:34
- Cardano Shows Signs of Gradual Accumulation Near Key Support Amid Rising Whale Activity2025-08-03 03:16:19