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A certain whale opened a 12 million BTC long position in a short period, marking the 28th "chasing rallies and selling dips" this week.
Mars Finance News, on March 25th, according to Hyperinsight monitoring, a whale starting with 0xec3 opened a BTC long position with 40x leverage, holding 175 BTC, worth approximately $12.4 million, at an average price of $70,879. The liquidation price was $69,988. This long position is their 28th trade in the past week. In the last hour, this address closed its BTC long position at breakeven, with a previous position size of about $12.6 million, closed at an average price of $70,770. Over the past 7 days, this address repeatedly bought high and sold low in BTC trading, 28 times chasing price movements. During this period, they added funds to their account 17 times, totaling about $670,000. However, the account balance shrank from a peak of $1.7 million to just $310,000, with a total loss of $2.05 million this week, nearly wiped out.