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A certain Whale that went long on BTC with 20x leverage has started to execute all Close Position operations, with a loss of 11.72 million USD this time.
PANews, June 13 news, according to on-chain analyst Yu Jin's monitoring, trader @AguilaTrades' 20x go long on BTC is suspected to be about to incur losses and has begun executing a full Close Position operation, with losses reaching 11.72 million USD. The trader started closing positions at 4:30 AM, and the Position has now been reduced to 121 million USD. The remaining 1,157 BTC Long Position (worth 121 million USD) is continuing to Close Position through the TWAP (Time Weighted Average Price) strategy, which is set to complete the full Close Position in 7 hours.