The "Bro" activates Turbo mode, experiences a rapid surge, then retraces for a dip-buying opportunity
BlockBeats News, April 6th, according to HyperInsight monitoring, after several liquidations, the "Brother Whale" has entered a scalping mode and seems to be recovering its trading status. In the recent surge led by Bitcoin, the "Brother Whale" reduced its ETH positions to take profits. After Ethereum fell back to the $2150 range, it started to refill its positions. As of the time of writing, it holds a value of $17.81 million in a 25x leveraged ETH long position, and the liquidation price has also fallen to $2003.21.
It is worth noting that with the brief market rebound, the "Brother Whale" has accumulated a total floating profit of $440,000 in the past week.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Barclays: Bloom Energy (BE.US) demand turning point is steeper than expected, rating raised to "Buy"
Barclays has upgraded Bloom Energy’s rating from "equal weight" to "overweight," setting a target price of $289.
Competitor turns supplier as the "new owner"! Bank of America: Marvell Technology's acquisition of Lumentum may prompt Cisco and Ciena to seek other sources
Bank of America analysts stated that Marvell Technology's acquisition of Lumentum may prompt Ciena and Cisco to diversify their optical component suppliers.
Goldman Sachs traders warn of an "invisible bear market": S&P 500 is only 3% away from its all-time high, but 60% of its constituent stocks have entered bear market territory.
The S&P 500 Index is only about 3% away from its latest record high, but 60% of the constituent stocks in this benchmark index are deeply entrenched in bear market territory.
Crypto prices
More
