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Two Whale Traders Take Large Positions to Bet on Bitcoin's Movement, Acting as Long and Short Counterparties

Two Whale Traders Take Large Positions to Bet on Bitcoin’s Movement, Acting as Long and Short Counterparties

BlockBeats News, December 6, according to LookIntoChain monitoring, a whale with the address “0x50b3” opened a 20x leveraged long position on Bitcoin, with a position value of 27.5 million US dollars, an entry price of 89,642.7 US dollars, and a liquidation price of 83,385 US dollars.

Another whale, “0x9311,” simultaneously opened a 40x leveraged short position on Bitcoin, with a position value of 20 million US dollars, an entry price of 89,502.7 US dollars, and a liquidation price of 95,114 US dollars.

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