A major whale liquidated 800 BTC long positions, incurring a $1.26 million loss
According to on-chain analytics platform Lookonchain (@lookonchain), as the BTC price fell below $61,000, the on-chain address 0xebe8 opted to cut losses and closed its long position of 800 BTC (approximately $48.8 million), incurring a loss of roughly $1.26 million on this transaction.
