The post Bitcoin Whale Profits $570K as Bitcoin Price Rise Above $71K appeared first on Coinpedia Fintech News
Bitcoin has climbed back above $71,000, and one trader quickly took advantage of the move. Wallet 0x004E opened a 30x long position on 600 BTC worth about $42.7 million at an entry price of $70,235.8 in the last 20 minutes. As the price rose, the position reached about $570,000 in unrealized profit. If Bitcoin drops to $66,942.69, the position could be liquidated.
Bitcoin touched $77,711 intraday before recovering to near $78,225, spending a second consecutive session under macro stress as US Treasury yields held near multi-month highs The 10-year yield
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