Crypto Address Adds to BTC Long Despite $9.05 Million in Weekly Losses After $19.7 Million Profit
An anonymous crypto address continued adding to its BTC long position despite losing $9.05 million on long trades over a week. According to Odaily, the address’s Hyperliquid account had reached a profit of $19.7 million at one point in late September this year, before its gains declined.The address opened its latest 40x BTC long in the early hours of October 16, and the position grew to $187 million. Five hours earlier, its $11.74 million ETH long was fully liquidated, resulting in a loss of $1.08 million. The address has realized total losses of $4.5 million from ETH and BTC trades so far.It currently holds a BTC long worth $110 million, or 1,355.6 BTC, with an unrealized loss of $287,000. It plans to stop out of the entire position if BTC falls below $80,500.