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A major whale liquidated 800 BTC long positions, incurring a $1.26 million loss

2026.06.24 - 15:19

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TechFlow news: On June 24, according to on-chain analytics platform Lookonchain (@lookonchain), as BTC’s price fell below $61,000, the on-chain address 0xebe8 opted to cut losses and close its long position of 800 BTC (approximately $48.8 million), incurring a loss of roughly $1.26 million on this transaction.

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