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A certain whale opened a $12 million BTC long position for a short period of time, marking the 28th "buy the dip" move this week.

2 hours ago

March 25th: Per HyperInsight monitoring (source: https://t.me/HyperInsight), a whale with the 0xec3 address prefix opened a 40x leveraged long position on BTC—175 coins (~$12.4M), with an average entry price of $70,879 and liquidation price of $69,988. This marked the 28th position opening for the address in the past week. Within the past hour, the address closed its BTC long position at break-even: its prior position size was ~$12.6M, with an average exit price of $70,770. Over the past 7 days, the address has executed 28 consecutive chase-the-rally, sell-the-dip trades—repeatedly buying high and selling low. During this period, it injected funds 17 times, adding ~$670k in total. However, its account balance has shrunk from a peak of $1.7M to just $310k, with a weekly loss topping $2.05M—nearly wiping out its holdings.
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