Crypto
BTC Long Trader Loses $1.57M After Exiting ETH and ZEC Legs
A significant trading move has been made by Trader 0x970ca5d7a03bc0ba304997ea709464bbfb662a93. At 02:45 UTC, they opened a $52.35 million long position on 650 BTC, 500 ETH, and 900 ZEC.
The trader exited the ETH and ZEC legs of the position, as well as 50 BTC, later that afternoon for a realized loss of $150,000.
The remaining 600 BTC position is now valued at $45.82 million, with an additional unrealized loss of $1.42 million.
The price action in BTC currently tests the lower Bollinger Band support near $76,009 and the 50-EMA at $77,768 caps upside, while the 200-EMA at $74,462 offers a distant floor.