Whale Stops 81 BTC Long Position, Resulting in $7.24 Million Loss

On January 21, according to the latest monitoring data from Hyperinsight, a whale closed its long BTC position by selling 81.29 BTC at a price of approximately $89,000, resulting in a loss of $7.24 million.

Notably, the whale still holds a long position of 0.503 BTC with a 20x leverage, worth around $45,000. Based on current market prices, the unrealized loss on this position stands at $153.8, with an average purchase price of $89,000.

This suggests that despite multiple failed long attempts, the address has not completely abandoned its bullish outlook on the market.

Analysis of Whale Movements

• Stop-Loss Action: The whale's decision to close the position at $89,000 may indicate an attempt to limit further losses.
• Position Details: The remaining BTC holdings highlight the whale's continued confidence in price recovery.
• Market Signal: Such a large-scale stop-loss could temporarily affect market sentiment and price dynamics.