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Benzinga
Benzinga
Business
Aniket Verma

Profitable Whale Bets Big With 40x Bitcoin, 25x Ethereum Longs Following Market Dip — Is Crypto Recovery On Cards?

Ethereum Coin

An investor with a history of profitable trades opened a highly leveraged long position in Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) following the market's dip on Thursday.

What happened: The whale, with over $60 million in total profits from spot and perpetual trading, took a 40x leverage bet on Bitcoin and 25x on Ether, according to Lookonchain.

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