en.bitcoinsistemi.com
A whale, who recently opened a 50x long position on Ethereum (ETH) and was known for intentionally liquidating it, seems to have set his sights on Chainlink ($LINK) this time.
According to the data, the whale wallet sold 18.36 million $LINK worth $1.34 million in the last two hours, incurring a total loss of $512,000, or 2.7%. On-chain data reveals that the average $LINK price for the sale was $13.7.
In addition, the data shows that this whale also closed long positions for $LINK on GMX, and on this platform the whale made a profit of $195,000. On the Hyperliquid platform, the cryptocurrency whale, the $LINK whale, closed long positions and converted them into Bitcoin short positions with 40x leverage, and at the time of writing this article, it has an unrealized profit of $290,000.
This behavior by the whale wallet came after the tokens from Chainlink’s major token unlock entered the market and the BTC price increased by 4%.
*This is not investment advice.