Whale starts closing Bitcoin longs, books $8.52M profit
- —Part of a 1,000 BTC long closed with about $8.52M profit
- —Average entry: $78,672 for BTC and $2,469 for ETH
- —Remaining positions: 400 BTC and 50,000 ETH worth $170M
- —Unrealized profit on open positions estimated at $15.57M
Why it matters: Profit-taking by a large player could signal a local reversal after Bitcoin's rally above $85,000.
Source: Uzmancoin