Odaily Planet Daily reports that a whale deposited 8.58 million USDC into Lighter three days ago and opened a 20x leveraged BTC long position yesterday. Currently, its position holds 1,000 BTC, with an entry price of $67,096 and a liquidation price of approximately $58,409.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
IBM Expands Free Access to Quantum Computers, Pushing Research Amid Bitcoin Concerns
IBM expands free access to quantum computers via the IBM Quantum Open Plan, increasing usage time and enabling advanced processor access. Researchers can now receive 180 minutes for a year, allowing for more complex tasks. Additionally, IBM offers training resources amid Bitcoin's quantum risk debates and has made significant quantum advancements.
TapChiBitcoin9m ago
Crypto market rises for three consecutive days, PayFi sector leads gains with over 7% increase, BTC touches $76,000
On March 17, the crypto market continued its upward trend for the third consecutive day, with the PayFi sector leading gains at 7.22%. XRP rose 8.29%, Ethereum broke through $2,300, and the overall market showed strong performance with notable gains across multiple sectors.
GateNews9m ago
Strategy Acquires $1.57 Billion in Bitcoin, Holdings Reach 761,068 BTC
Strategy (NASDAQ: MSTR), the world's largest public corporate holder of Bitcoin, purchased 22,337 BTC for approximately $1.57 billion between March 9-15, 2026, at an average price of $70,194 per bitcoin, according to a March 16 SEC filing.
CryptopulseElite13m ago
BTC and ETH prices rise but funding rates turn bearish, market shows divergence signal
On March 17th, Bitcoin reported at $75,480 with a 24-hour gain of 3.67%; Ethereum reported at $2,353.4 with a gain of 7.68%. However, funding rates indicate a bearish market trend, with BTC and ETH funding rates already below 0.005% on multiple platforms.
GateNews16m ago
Michael Saylor: Bitcoin Won't Be Disrupted by AI, Will Be the Primary Beneficiary of Capital Flows
Gate News reported that on March 17, Strategy founder Michael Saylor stated that if AI compresses terminal value and makes all moats ephemeral, capital will flow toward assets that are not subject to disruption risk. He pointed out that Bitcoin is digital capital with scarce and neutral characteristics, unaffected by AI disruption. In this shift, BTC should be a major beneficiary.
GateNews33m ago
Bitcoin Breaks Through $75,000: Short Squeeze Triggers Rally, Derivatives Market Becomes Key Driver
Bitcoin broke through $75,000 on March 17th, primarily driven by the derivatives market. A large number of short position closures and hedging adjustments by market makers pushed prices higher. The market rally was mainly fueled by shorts exiting rather than new long positions entering. Overall cryptocurrency asset performance has warmed up, but the sustainability of the rally will depend on monitoring capital inflows.
GateNews34m ago