Bitcoin Whale Faces Major Liquidation Amid Market Fluctuations

On February 25, a significant Bitcoin whale experienced substantial liquidations due to a brief surge in BTC prices, according to BlockBeats. Coinbob's popular address monitoring revealed that the whale, identified by address 0x93, faced two large-scale liquidations after opening short positions at 6 PM the previous night. The total liquidation amounted to 225 BTC. Following these events, the whale opted to switch strategies by opening a long position with a 40x leverage, amounting to $11.48 million at an average price of $65,500, indicating a shift towards a bullish stance.