Largest Bitcoin Long Holder Cuts Position and Sets Break-Even Stop Loss

Hyperinsight monitoring showed that the largest long holder, who previously held a $107 million BTC long position, began taking profits and reduced exposure. According to Odaily, the trader sold 903.4 BTC through 10 limit orders in the past hour for about $58.42 million, at an average price of $64,666.1, realizing a profit of $554,400. Because of a small amount of added exposure during the period, the net reduction was 668.2 BTC. As of press time, the whale still held a 994.2 BTC long position worth about $64.19 million, with an average entry price of $64,052 and an unrealized profit of $510,000. The liquidation price was lowered to $61,604.3, and stop-loss orders were set for the remaining position. If BTC falls below $64,050, the position will be closed at break-even.