Bitcoin long position
A trader identified as “Buddy” has taken a long position on Bitcoin, leveraging 40 times their remaining margin just 20 minutes ago. The total value of the position is approximately $1.6 million. This move indicates a significant confidence in Bitcoin’s upward potential at this moment. Utilizing high leverage can amplify both gains and losses, making it a risky strategy. The decision to go long with such leverage reflects Buddy’s trading strategy in the current cryptocurrency market.
