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Bitcoin Whale's Three-Times-Leveraged Long Shows More Than $680,000 in Losses

The position covered 97.15 BTC, was valued at about $6.22 million and had a reported return of -29.64%.

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A brass token sits beneath three steel lever arms / TokenPost.ai
A brass token sits beneath three steel lever arms / TokenPost.ai

At 2:42 a.m. ET Sunday (07:42 UTC), an unidentified whale’s Bitcoin (BTC) long position had more than $680,000 in unrealized losses. The three-times-leveraged position was valued at about $6.22 million.

The position covered 97.15 BTC and had an average entry price of $71,035. Its liquidation price was $48,004, and its reported return was -29.64%.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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