COINOTAG News, citing LookIntoChain data, reports that a whale address 0x5D2F executed a 20x leveraged short on 1,232 BTC, valued at approximately $1.0863 billion. The position has generated unrealized profits above $28.7 million, underscoring persistent appetite for high‑leverage exposure within the Bitcoin market.
The trader has placed limit orders to take profits in the $75,819–$79,919 zone, signaling disciplined exit planning amid ongoing volatility and focus on controlled risk management in the crypto ecosystem.
This activity illustrates how large BTC exposures are managed through leverage with predefined take‑profit thresholds, a trend that keeps investors closely watching key price levels and liquidity dynamics in the crypto landscape.
Source: https://en.coinotag.com/breakingnews/bitcoin-whale-uses-20x-leverage-to-short-1232-btc-worth-1-086b-reveals-28-7m-unrealized-profit-and-take-profit-orders-at-75819-79919
