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A pro holds a $100 million BTC short order and has made a profit of $7 million.
Recent news shows that a well-known trader in the Crypto Assets market is holding a short position worth $103 million, totaling 1007 Bitcoins. This investor entered a position at a price of $108,467.1, and if the Bitcoin price rises to $113,155.06, it will trigger liquidation.
Currently, this transaction has brought the investor a floating profit of 5.74 million dollars. Additionally, through funding fees, he has also earned an extra 1.34 million dollars. According to market analysis, the trader's take-profit target range is set between 93,622 dollars and 94,616 dollars.
It is worth noting that this is not the first time this trader has engaged in large-scale short positions in the Bitcoin market. According to reports, he has previously profited approximately 14.96 million dollars through four similar trading strategies. This series of successful operations highlights the investor's unique insight and rich experience in grasping market trends.
This large-scale short positions behavior will undoubtedly have a certain impact on the market. Investors are closely watching the subsequent moves of this "whale" and the potential chain reaction it may cause in the overall Bitcoin market.