Bitcoin Whale Profits $570K as Bitcoin Price Rise Above $71K

Published by

Sohrab Khawas

March 4, 2026

Bitcoin Whale Profits $570K as Bitcoin Price Rise Above $71K

Bitcoin has climbed back above $71,000, and one trader quickly took advantage of the move. Wallet 0x004E opened a 30x long position on 600 BTC worth about $42.7 million at an entry price of $70,235.8 in the last 20 minutes. As the price rose, the position reached about $570,000 in unrealized profit. If Bitcoin drops to $66,942.69, the position could be liquidated.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

Published by

Sohrab Khawas

Tags: Bitcoin