Whale's Reversal Sparks Market Buzz
According to Hyperinsight monitoring, on March 2, the Ethereum address pension-usdt.eth closed all long positions as Bitcoin's price rebounded to $66,200. Subsequently, the whale initiated short positions when Bitcoin climbed to $69,134.
Position Details Revealed
The address is now shorting 410 BTC with 3x leverage, representing a total position value of $28.44 million. The liquidation price for this position stands at $147,679, with an entry price of $69,334. Notably, the whale continued adding to the position as of press time.
Market Impact Analysis
- Whale activity fuels speculation about near-term price movements
- 3x leverage suggests a relatively cautious bearish stance
- Ongoing accumulation reflects confidence in current entry levels