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Gate Square New & Returning Creator Rewards are ongoing!
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Whale's Lightning Attack: 100 BTC long positions take profit of 165,000, then turn to short PAXG and face unrealized losses
【Blockchain Rhythm】An interesting event has occurred. A whale decisively closed a long position of 100 BTC at 11:57 AM today, with an entry average price of $90,133.34. This move directly earned $165,000. However, this guy didn’t stop there—he immediately turned the cash into a short position on the gold token PAXG, shorting 462.3 tokens with a leverage of 10x. The new short position has an average cost of $4,550.06, currently showing a floating loss of $13,000. It seems he’s betting on the decline of the gold token’s price, but at the moment, this move doesn’t look very successful. Buying and selling, profits and losses alternate—this is also how big players operate in reality.