Binance News
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Bitcoin Leverage Battle Unfolds Between Two Wallets
According to TechFlow, two new cryptocurrency wallets are engaged in a significant Bitcoin leverage battle, as monitored by the on-chain analysis platform Lookonchain. The first wallet, identified by the address 0xfB66, has opened a long position with 15x leverage at an entry price of $84,736.9, purchasing 300 Bitcoins. This position is currently yielding a profit of $505,000, with a liquidation price set at $72,424.
Conversely, the second wallet, with the address 0x4321, has initiated a short position with 20x leverage at an entry price of $86,373.6, shorting 447.38 Bitcoins. This position is currently incurring a loss of $337,000, with a liquidation price of $92,884. The ongoing positions highlight the volatility and high-stakes nature of leveraged trading in the cryptocurrency market.
Conversely, the second wallet, with the address 0x4321, has initiated a short position with 20x leverage at an entry price of $86,373.6, shorting 447.38 Bitcoins. This position is currently incurring a loss of $337,000, with a liquidation price of $92,884. The ongoing positions highlight the volatility and high-stakes nature of leveraged trading in the cryptocurrency market.
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