TechFlow News, July 20, according to Hyperinsight monitoring, the largest long holder who previously held BTC long positions worth $107 million has begun to reduce positions and take profits, and placed break-even stop-loss orders close to the entry cost for the remaining positions.
Within the past 1 hour, it cumulatively sold 903.4 BTC through 10 limit sell orders, with a transaction amount of approximately $58.424 million, an average transaction price of approximately $64,666.1, realizing a profit of $554,400; due to slight additions during the period, the net reduction was 668.2 BTC.
As of press time, the whale still holds 994.2 BTC long positions, with a position value of approximately $64.195 million, an entry average price of $64,052, and an unrealized profit of $510,000; the liquidation price has been lowered to $61,604.3.
It has set stop-loss orders for all remaining long positions, when BTC falls below $64,050, it will trigger a break-even close: if the price falls back to cost, it locks in the realized profit of $554,400 and exits; if it continues to rise, it continues to hold the position, this setting is overall defensive.
