Whale's Bold Move Sparks Market Buzz
According to the latest on-chain data, an anonymous whale recently deposited $8.58 million USDC into Lighter and opened a 20x leveraged long position in BTC. This move has triggered widespread attention in the crypto market.
Details of the Position
The whale's current BTC position is 1,000 coins, with an average entry price of $67,096. If the price drops below $58,409, the position will face liquidation risks.
- Deposited Amount: $8.58M USDC
- Leverage: 20x
- Current BTC Holdings: 1,000 coins
- Entry Price: $67,096
- Liquidation Price: $58,409
Market analysts suggest that the whale's timing may indicate strong confidence in BTC's long-term prospects.