Gate News message, April 28 — A major on-chain Bitcoin whale (address 0x004edcd40360e293e4cf260d2ebdf8c7076c1bb8) has opened a 20x leveraged BTC short position worth approximately $23 million, according to Hyperinsight monitoring. The position consists of 300 BTC at an average entry price of $76,612.
The address has consecutively opened 16 short positions since the beginning of April, with 9 of them currently profitable. The average holding time for these positions is approximately 21 hours.
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