Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
A certain whale address's activity over the past few hours has attracted quite a bit of attention. This large holder re-deposited 3 million USDC into the exchange 3 hours ago to increase their existing BTC long position, ultimately expanding their BTC holdings to 980 coins, with a total value of approximately $91.06 million.
Looking at the trading rhythm, this large holder opened a BTC long position with 20x leverage 5 hours ago, with an entry price around $92,885. As the market moved upward, unrealized gains have accumulated to $103,000. This timing for adding to the position was quite precise. Meanwhile, the liquidation price was pushed down to $78,028.9, indicating a relatively stable position structure.
Interestingly, this large holder has already placed a take-profit limit sell order at $93,300. Although the specific quantity has not been disclosed, the operational logic suggests this is a standard risk hedging strategy—participating in the upward trend while locking in some profits in advance. Such meticulous position management is not very common in leveraged trading.