Vida Enters Market with $20 Million Investment

Analyst @ai_9684xtpa posted on X that Vida, the founder of Equation, has entered the market with a $20 million investment. Vida purchased Bitcoin at prices ranging from $70,500 to $60,035, spending a total of $8 million to acquire 128.28 BTC. The average cost of the investment is approximately $62,363.57 per Bitcoin, resulting in a current unrealized loss of $60,000. Vida mentioned that the strategy employed is 'scalping,' aiming for short-term rebounds to generate profit.