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At Least Seven Whale Accounts Close $356 Million Crypto Longs
Six accounts exited Bitcoin positions and one closed a Zcash position in large-volume transactions on Sept. 24.
Mentioned assets
At least seven large crypto accounts closed long positions totaling about $356 million on Sept. 24 across Bitcoin (BTC) and Zcash (ZEC).
Six of the accounts involved BTC positions, while one involved ZEC. The positions were closed in large-volume transactions, with the combined value of the exits reaching roughly $356 million.
A long position benefits when an asset’s price rises, while leverage amplifies both potential gains and losses.
