COINOTAG News, December 31, citing Hyperinsight analytics, notes a major Bitcoin liquidation involving a whale wallet 0x6031d. The entity closed a roughly $16.48 million BTC long position, locking in about $63,000 in realized gains after a four-hour window. The move highlights ongoing liquidity dynamics in the crypto market and the sensitivity of BTC exposure to rapid price moves.
From the weekly perspective, seven BTC trades were recorded, with only one position stopped out. The observed pattern aligns with cautious risk management amid evolving market volatility, as traders weigh downside protection against potential upside for Bitcoin and broader crypto assets.
Source: https://en.coinotag.com/breakingnews/bitcoin-whale-liquidates-16-48m-btc-long-realizes-63k-profit-only-1-of-7-trades-this-week-was-stopped-out
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