High-Leverage Trade: Trader Bets Big on BTC
On January 22, data from HyperInsight showed that a trader opened a long position on 25 BTC with 36x leverage at an average price of $89,937. As of now, the position is slightly in the green, indicating strong market insight and timing.
Primarily Bullish with Impressive Returns
The trader has maintained a primarily long-only strategy, only occasionally dabbling in short-term hedging. Over the trading cycle, the account has generated over $7.2 million in cumulative profits, highlighting a disciplined and effective trading approach.
- Utilized 36x leverage to boost returns
- Focused on long positions with minimal shorts
- Total gains exceed $7.2 million