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.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Is XRP Actually ISO20022 Compliant? A Legal Expert Just Changed the Conversation The discussion around…
Brad Garlinghouse marked his 11th anniversary at Ripple this week with a day in Washington…
Nikita Bier, the head of product at X, has announced the platform’s second financial tool,…
On April 14, Goldman Sachs, the 7th-largest asset manager in the world with $3.65 trillion…
TAO, the native token of AI infrastructure builder Bittensor, has lost an additional 7% in…
SUI price is currently annoyingly hovering, stalling, teasing a move… but not committing. After defending…
