Golden Finance reports that the cryptocurrency market witnessed a major move in the early hours of the morning! According to the monitoring of on-chain analyst Ai Auntie (@ai_9684xtpa), a whale investor made a move at 3 a.m., first using 4 million USDC to purchase 1,461.63 ETH, with an average transaction price of $2,736.67.
Immediately after, this whale investor promptly opened a short position in BTC with a leverage of 40 times. However, the market changes rapidly and this transaction has already suffered a floating loss at present. Among them, the portion of ETH purchased has suffered a floating loss of 392,000 US dollars as of now.
In the cryptocurrency market, high-leverage trading is already extremely risky. A 40x leverage further amplifies the fluctuations in gains and losses, and the every move of whale investors has always been closely watched.
This early morning operation involved two major cryptocurrencies, BTC and ETH. The subsequent changes in their holdings and the impact on the market have sparked heated discussions among many investors. It is still unclear whether this whale investor will adjust its position in the future and how the market will respond. It is worth keeping an eye on.
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