Add as a preferred source on GoogleWhale Shifts From STRK to $11.1 Million Bitcoin Long Position
The address closed a 26.31 million-token STRK long after the token continued to weaken and opened a leveraged BTC position at an average $81,819.90.
A crypto whale closed a large Starknet (STRK) long position and shifted into an $11.119 million Bitcoin (BTC) long as STRK continued to underperform the broader market on Oct. 13.
The address liquidated about 26.31 million STRK at $0.0848 after the token’s rebound fell short of expectations. The trade produced an estimated net profit of approximately $184,000 after earlier gains declined.
The new BTC position carries an average entry price of $81,819.90. It uses 40x isolated leverage and has a full-position market stop-loss trigger at $79,000. The position showed an estimated floating profit of about $245,000, or 89%, at the time of the update.
Bitcoin traded near $83,626, with its 24-hour decline narrowing to 0.4%. STRK traded at $0.0875 and remained down about 18.1% over 24 hours, while BTC had risen about 1.1% from the start of Oct. 13 and STRK had fallen about 3.6%.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.