A whale that earned $554,400 has reduced its position by 40% and placed a break-even sell order on its $107 million BTC long position

Odaily reported that, according to Hyperinsight monitoring, the largest long position holder, which previously held $107 million worth of BTC long contracts, has started to reduce its position to take profits and has placed a break-even stop-loss order for the remaining position close to the entry cost. In the past hour, it sold a total of 903.4 BTC through 10 limit sell orders, with a transaction volume of approximately $58.424 million and an average execution price of around $64,666.1, realizing a profit of $554,400. Due to a small amount of additional positions added during this period, the net reduction in its position was 668.2 BTC. As of press time, the whale still holds 994.2 BTC long contracts, with a position value of approximately $64.195 million, an average entry price of $64,052, and an unrealized profit of $510,000. Its liquidation price has dropped to $61,604.3. It has set stop-loss orders for all remaining long positions, which will trigger a break-even closeout if BTC falls below $64,050.