BTC Spike Destroys Major Whale
The post BTC Spike Destroys Major Whale appeared on BitcoinEthereumNews.com. According to data provided by Lookonchain, a massive whale was recently liquidated for $111 million worth of Bitcoin on the Hyperliquid platform. The whale managed to secure a profit of $3.41 million with his enormous short. However, he ended up suffering a loss of $3.51 million after the price of the leading cryptocurrency recorded a massive spike. On Monday, the trader opened a series of short positions when the cryptocurrency was hovering above the $101,000 level. His overleveraged short positions were then liquidated when the cryptocurrency was surging from $104,500 to roughly $106,000. The world’s leading cryptocurrency is currently changing hands at $105,120, according to CoinGecko data. The cryptocurrency is up by 3.6%. Earlier today, it reached an intraday peak of $105,927. Notably, Bitcoin is just 6% away from reclaiming its current all-time high of $111,814 that was achieved last month. Source: https://u.today/111-million-liquidation-btc-spike-destroys-major-whale
The post BTC Spike Destroys Major Whale appeared on BitcoinEthereumNews.com.
According to data provided by Lookonchain, a massive whale was recently liquidated for $111 million worth of Bitcoin on the Hyperliquid platform. The whale managed to secure a profit of $3.41 million with his enormous short. However, he ended up suffering a loss of $3.51 million after the price of the leading cryptocurrency recorded a massive spike. On Monday, the trader opened a series of short positions when the cryptocurrency was hovering above the $101,000 level. His overleveraged short positions were then liquidated when the cryptocurrency was surging from $104,500 to roughly $106,000. The world’s leading cryptocurrency is currently changing hands at $105,120, according to CoinGecko data. The cryptocurrency is up by 3.6%. Earlier today, it reached an intraday peak of $105,927. Notably, Bitcoin is just 6% away from reclaiming its current all-time high of $111,814 that was achieved last month. Source: https://u.today/111-million-liquidation-btc-spike-destroys-major-whale
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